Jefferies Financial Group Raises North West (TSE:NWC) Price Target to C$43.00

North West (TSE:NWCFree Report) had its price target increased by Jefferies Financial Group from C$41.00 to C$43.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on NWC. TD Securities increased their price objective on North West from C$44.00 to C$45.00 and gave the stock a buy rating in a research note on Thursday. Royal Bank of Canada increased their price objective on North West from C$38.00 to C$40.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of C$41.20.

Read Our Latest Research Report on North West

North West Stock Up 1.2 %

Shares of TSE:NWC opened at C$39.01 on Friday. North West has a 52-week low of C$29.58 and a 52-week high of C$41.12. The stock has a market cap of C$1.86 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 1.11 and a beta of 0.62. The business’s 50 day moving average is C$39.39 and its 200 day moving average is C$38.04. The company has a quick ratio of 0.64, a current ratio of 2.01 and a debt-to-equity ratio of 57.45.

North West Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 29th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, April 17th. This represents a $1.56 annualized dividend and a yield of 4.00%. North West’s dividend payout ratio (DPR) is presently 58.43%.

Insider Buying and Selling at North West

In other North West news, Senior Officer Leanne Flewitt sold 995 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$39.08, for a total transaction of C$38,884.60. Insiders own 0.15% of the company’s stock.

North West Company Profile

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The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.

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