Matthew Johnson Sells 1,469 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer Matthew Johnson sold 1,469 shares of the business’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of C$52.91, for a total transaction of C$77,724.79.

North West Stock Performance

Shares of North West stock traded up C$0.23 during midday trading on Thursday, hitting C$53.59. The company had a trading volume of 47,505 shares, compared to its average volume of 132,051. The North West Company Inc. has a 1-year low of C$37.15 and a 1-year high of C$55.93. The business’s 50 day simple moving average is C$48.18 and its two-hundred day simple moving average is C$49.60. The stock has a market cap of C$2.58 billion, a PE ratio of 19.70, a P/E/G ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64.

North West Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 24th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, April 16th. North West’s dividend payout ratio (DPR) is presently 58.83%.

Analyst Ratings Changes

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

North West Company Profile

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.