Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells 1,000 Shares of Stock

The North West Company Inc. (TSE:NWC) Senior Officer David Michael Chatyrbok sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of C$39.10, for a total transaction of C$39,098.50.

North West Stock Performance

North West stock opened at C$39.33 on Thursday. The firm’s 50 day simple moving average is C$39.31 and its 200 day simple moving average is C$38.27. The company has a current ratio of 2.01, a quick ratio of 0.64 and a debt-to-equity ratio of 57.45. The firm has a market capitalization of C$1.87 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.11 and a beta of 0.62. The North West Company Inc. has a 1-year low of C$29.58 and a 1-year high of C$41.12.

North West Announces Dividend

The company also recently announced 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, April 17th. North West’s dividend payout ratio (DPR) is presently 58.43%.

Analysts Set New Price Targets

Several analysts have recently issued reports on NWC shares. Jefferies Financial Group boosted their price target on shares of North West from C$41.00 to C$43.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. TD Securities boosted their price target on shares of North West from C$44.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada upped their target price on shares of North West from C$38.00 to C$40.00 in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, North West presently has an average rating of “Hold” and a consensus price target of C$41.20.

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.