North West (TSE:NWC) Price Target Lowered to C$58.00 at CIBC

North West (TSE:NWC) had its price objective cut by CIBC from C$59.00 to C$58.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Royal Bank Of Canada set a C$60.00 price target on shares of North West and gave the stock an “outperform” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, North West has a consensus rating of “Buy” and an average target price of C$60.25.

North West Stock Performance

Shares of NWC opened at C$47.45 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. The stock has a market cap of C$2.27 billion, a P/E ratio of 16.77, a PEG ratio of 1.11 and a beta of 0.20. The company has a 50-day moving average of C$48.85 and a two-hundred day moving average of C$50.66. North West has a 12-month low of C$44.48 and a 12-month high of C$57.95.

North West Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 4.5%. This is a positive change from North West’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 27th. North West’s dividend payout ratio is 56.18%.

Insider Activity at North West

In other North West news, Senior Officer Vineet Gupta bought 2,200 shares of North West stock in a transaction dated Tuesday, June 17th. The stock was bought at an average cost of C$49.95 per share, for a total transaction of C$109,890.00. Company insiders own 0.12% of the company’s stock.

North West Company Profile

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.