North West (TSE:NWC – Free Report) had its price target lifted by TD Securities from C$44.00 to C$45.00 in a research report sent to investors on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.
Separately, Royal Bank of Canada boosted their target price on North West from C$38.00 to C$40.00 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of C$41.20.
Read Our Latest Research Report on NWC
North West Stock Up 1.2 %
North West Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 29th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.00%. North West’s payout ratio is 58.43%.
Insider Activity at North West
In related news, Senior Officer Leanne Flewitt sold 995 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$39.08, for a total transaction of C$38,884.60. 0.15% of the stock is currently owned by corporate insiders.
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 Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.
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