TD Securities Increases North West (TSE:NWC) Price Target to C$40.00

North West (TSE:NWCGet Rating) had its price objective boosted by TD Securities from C$39.00 to C$40.00 in a report released on Thursday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Separately, CIBC raised their price objective on North West from C$40.00 to C$41.00 and gave the stock a neutral rating in a report on Thursday.

TSE:NWC opened at C$36.67 on Thursday. The company has a debt-to-equity ratio of 70.41, a current ratio of 1.35 and a quick ratio of 0.47. North West has a 12 month low of C$32.90 and a 12 month high of C$40.08. The firm has a market capitalization of C$1.76 billion and a PE ratio of 11.91. The business’s fifty day moving average price is C$37.11 and its 200 day moving average price is C$35.48.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 28th. Investors of record on Thursday, April 28th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, April 20th. North West’s dividend payout ratio is currently 47.11%.

North West Company Profile (Get Rating)

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 Canada, Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 118 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 25 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 5 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 2 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; 1 Solo Market store for rural market; and 1 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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