The North West (TSE:NWC) Hits New 12-Month High at $36.87

The North West Company Inc. (TSE:NWC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$36.87 and last traded at C$36.79, with a volume of 59603 shares trading hands. The stock had previously closed at C$36.55.

Several research firms have recently issued reports on NWC. BMO Capital Markets raised their price objective on The North West from C$36.00 to C$38.00 in a research note on Thursday, December 10th. Royal Bank of Canada raised their price objective on The North West from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Thursday, December 10th. Finally, TD Securities lowered their price objective on The North West from C$38.00 to C$36.00 and set a “hold” rating for the company in a research note on Friday, January 8th.

The company has a current ratio of 1.37, a quick ratio of 0.51 and a debt-to-equity ratio of 93.09. The stock has a market capitalization of C$1.76 billion and a P/E ratio of 14.29. The stock has a 50 day moving average of C$34.11 and a 200-day moving average of C$33.83.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Investors of record on Wednesday, April 28th will be paid a dividend of $0.36 per share. This is a positive change from The North West’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, April 15th. The North West’s dividend payout ratio (DPR) is currently 53.59%.

The North West Company Profile (TSE:NWC)

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 117 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 44 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 22 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 1 Solo Market store for rural market; 1 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; and 1 North West Company Fur Marketing outlet that offers wild furs, handicrafts, and authentic Canadian heritage products.

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