Royal Bank of Canada Raises North West (TSE:NWC) Price Target to C$47.00

North West (TSE:NWC) had its price objective upped by Royal Bank of Canada from C$40.00 to C$47.00 in a research report released on Friday, BayStreet.CA reports.

Several other brokerages also recently commented on NWC. BMO Capital Markets raised their target price on shares of North West from C$41.00 to C$44.00 in a report on Thursday, June 6th. TD Securities raised their price objective on shares of North West from C$52.00 to C$59.00 in a report on Friday. Finally, CIBC upped their target price on shares of North West from C$43.00 to C$44.00 and gave the stock a neutral rating in a research note on Thursday, June 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$49.80.

North West Trading Up 0.9 %

NWC opened at C$51.15 on Friday. The firm’s fifty day moving average is C$44.40 and its two-hundred day moving average is C$41.26. The firm has a market cap of C$2.44 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. North West has a twelve month low of C$29.85 and a twelve month high of C$51.48. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.64 and a current ratio of 2.22.

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

North West Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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. This represents a $1.60 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, September 30th. North West’s payout ratio is presently 58.39%.

Insider Transactions at North West

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

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.