North West (TSE:NWC) Given New C$47.00 Price Target at Royal Bank of Canada

North West (TSE:NWC) had its price target lifted by Royal Bank of Canada from C$40.00 to C$47.00 in a report published on Friday morning, BayStreet.CA reports.

NWC has been the subject of a number of other research reports. CIBC raised their price objective on North West from C$43.00 to C$44.00 and gave the stock a neutral rating in a research report on Thursday, June 6th. BMO Capital Markets raised their target price on North West from C$41.00 to C$44.00 in a research report on Thursday, June 6th. Finally, TD Securities lifted their price target on shares of North West from C$52.00 to C$59.00 in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$49.80.

North West Trading Up 0.9 %

Shares of NWC stock opened at C$51.15 on Friday. The firm has a market capitalization of C$2.44 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. North West has a 1 year low of C$29.85 and a 1 year high of C$51.48. The firm’s fifty day simple moving average is C$44.40 and its 200 day simple moving average is C$41.26. The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00.

North West (TSE:NWC) last posted its quarterly earnings data on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$0.02. North West had a net margin of 5.25% and a return on equity of 19.76%. The company had revenue of C$646.49 million for the quarter. As a group, sell-side analysts predict that North West will post 3.3409536 EPS for the current year.

North West Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.40 dividend. This is a positive change from North West’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 3.13%. North West’s payout ratio is currently 58.39%.

Insider Buying and Selling at North West

In other news, Director George Mcconnell Daniel sold 5,665 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$42.54, for a total transaction of C$240,989.10. In other news, Director George Mcconnell Daniel sold 5,665 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$42.54, for a total transaction of C$240,989.10. Also, Senior Officer John King sold 5,230 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of C$42.70, for a total value of C$223,321.00. Company insiders own 0.12% of the company’s stock.

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.