Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells 1,850 Shares of Stock

by · The Cerbat Gem

The North West Company Inc. (TSE:NWC – Get Free Report) Senior Officer Michael Beaulieu sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of C$54.77, for a total value of C$101,324.50.

North West Stock Performance

Shares of TSE NWC traded up C$0.11 during mid-day trading on Monday, hitting C$54.98. The company had a trading volume of 20,845 shares, compared to its average volume of 130,440. The North West Company Inc. has a 12 month low of C$37.15 and a 12 month high of C$55.93. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64. The firm has a market cap of C$2.65 billion, a P/E ratio of 20.21, a PEG ratio of 1.11 and a beta of 0.64. The business’s 50-day simple moving average is C$49.40 and its 200-day simple moving average is C$49.74.

North West Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 24th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Wednesday, April 16th. North West’s dividend payout ratio (DPR) is presently 58.83%.

Analyst Ratings Changes

Several research analysts have recently commented on NWC shares. BMO Capital Markets increased their price target on shares of North West from C$58.00 to C$60.00 in a research note on Thursday, April 10th. CIBC raised their target price on North West from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, April 11th. TD Securities upped their price target on North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Finally, Cibc World Mkts upgraded North West to a “strong-buy” rating in a report on Wednesday, February 19th.

View Our Latest Stock Analysis on NWC

About North West

(Get Free Report)

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.

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