North West (TSE:NWC) Price Target Raised to C$60.00

North West (TSE:NWC) had its price target hoisted by BMO Capital Markets from C$58.00 to C$60.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also commented on NWC. CIBC set a C$59.00 price target on North West and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Cibc World Mkts upgraded shares of North West to a “strong-buy” rating in a report on Wednesday, February 19th.

North West Price Performance

NWC opened at C$52.38 on Thursday. The stock has a market cap of C$2.52 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.11 and a beta of 0.64. North West has a 12 month low of C$37.15 and a 12 month high of C$55.93. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78. The company has a fifty day simple moving average of C$47.75 and a 200 day simple moving average of C$49.55.

North West Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 24th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. North West’s dividend payout ratio (DPR) is 58.83%.

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.