North West (TSE:NWC) Price Target Raised to C$63.00

North West (TSE:NWC) had its price objective upped by BMO Capital Markets from C$56.00 to C$63.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. Canadian Imperial Bank of Commerce boosted their price target on shares of North West from C$56.00 to C$63.00 in a research note on Thursday. Royal Bank Of Canada boosted their price target on shares of North West from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, North West has a consensus rating of “Buy” and an average target price of C$62.00.

North West Stock Performance

TSE:NWC opened at C$55.14 on Thursday. The company has a fifty day simple moving average of C$54.38 and a two-hundred day simple moving average of C$50.27. The company has a market cap of C$2.62 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.15. The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91. North West has a 52 week low of C$44.63 and a 52 week high of C$57.95.

North West (TSE:NWC) last posted its quarterly earnings results on Wednesday, April 8th. The company reported C$0.78 EPS for the quarter. The business had revenue of C$675.55 million during the quarter. North West had a net margin of 5.37% and a return on equity of 17.82%. As a group, equities analysts anticipate that North West will post 3.4924863 earnings per share for the current fiscal year.

North West Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 24th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.0%. North West’s payout ratio is presently 56.45%.

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. 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.