North West (TSE:NWC) Price Target Raised to C$60.00 at CIBC

North West (TSE:NWC) had its price target increased by CIBC from C$59.00 to C$60.00 in a report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

NWC has been the subject of several other research reports. Cibc World Mkts upgraded shares of North West to a “strong-buy” rating in a research note on Wednesday, February 19th. TD Securities upped their target price on North West from C$59.00 to C$63.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on North West from C$58.00 to C$60.00 in a research report on Thursday.

North West Trading Up 4.5 %

Shares of North West stock opened at C$52.38 on Friday. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. The company has a fifty day simple moving average of C$47.75 and a 200-day simple moving average of C$49.54. The stock has a market cap of C$2.52 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.11 and a beta of 0.64. North West has a 12-month low of C$37.15 and a 12-month high of C$55.93.

North West Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 24th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 3.05%. North West’s dividend payout ratio (DPR) is 58.83%.

About North West

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 company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.