The North West Company Inc. (TSE:NWC – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$51.55 and traded as high as C$53.86. North West shares last traded at C$53.53, with a volume of 167,166 shares trading hands.
Wall Street Analysts Forecast Growth
NWC has been the subject of a number of research analyst reports. TD Securities raised North West to a “strong-buy” rating in a research report on Wednesday, May 20th. BMO Capital Markets lifted their price target on North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. Royal Bank Of Canada lifted their price target on North West from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Canadian Imperial Bank of Commerce lifted their price target on North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$62.00.
Check Out Our Latest Stock Analysis on North West
North West Price Performance
North West (TSE:NWC – Get Free Report) last released its quarterly earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$675.55 million during the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%. Equities research analysts expect that The North West Company Inc. will post 3.4924863 earnings per share for the current year.
North West Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, April 15th. North West’s payout ratio is presently 56.45%.
About North West
The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.
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