Northwest Price Target (TSE:NWC) lifted to C$41.00
North West (TSE:NWC – Get Rating) had its target price raised by CIBC from CA$40.00 to CA$41.00 in a research note released Thursday morning, BayStreet.CA reports. They currently have a neutral rating on the title.
Shares of NWC opened at C$36.67 on Thursday. The company has a quick ratio of 0.47, a current ratio of 1.35 and a debt ratio of 70.41. The company’s 50-day moving average price is CA$37.11 and its 200-day moving average price is CA$35.48. North West has a 52-week low of C$32.90 and a 52-week high of C$40.08. The stock has a market capitalization of C$1.76 billion and a P/E ratio of 11.91.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 28. Shareholders of record on Thursday, April 28 will receive a dividend of $0.37. The ex-date of this dividend is Wednesday, April 20. This represents a dividend of $1.48 on an annualized basis and a dividend yield of 4.04%. North West’s dividend payout ratio is currently 47.11%.
Northwest Company Profile (Get an assessment)
The North West Company Inc, through its subsidiaries, is engaged in the retail sale of food and everyday products and services to rural communities and urban neighborhood markets in Canada, Alaska, the South Pacific and the Caribbean. The company’s Canadian operations include 118 Northern stores, which offer food, financial services and general merchandise; 5 NorthMart stores that provide fresh food, clothing, and health products and services; 25 Quickstop convenience stores that provide ready-to-eat food, fuel and related services; 5 Giant Tiger junior discount stores, which offer family fashion, household products and food; 2 Valu Lots discount center and direct-to-customer food distribution point; 2 pharmacies and convenience stores; 1 Solo Market store for the rural market; and 1 North West Company powersports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other leading brands.
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