The North West Company Inc. (TSE:NWC – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$38.17 and traded as high as C$38.75. North West shares last traded at C$38.68, with a volume of 37,545 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently commented on NWC. TD Securities raised their price target on North West from C$44.00 to C$45.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group raised their price target on North West from C$41.00 to C$43.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada raised their price target on North West from C$38.00 to C$40.00 in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, North West presently has a consensus rating of “Hold” and a consensus target price of C$41.20.
Check Out Our Latest Research Report on North West
North West Stock Performance
North West Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 18th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.56 annualized dividend and a yield of 4.03%. North West’s dividend payout ratio is presently 58.43%.
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.
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