David Michael Chatyrbok Sells 5,916 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer David Michael Chatyrbok sold 5,916 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of C$54.01, for a total value of C$319,523.16.

North West Stock Performance

TSE:NWC traded up C$0.58 during midday trading on Tuesday, reaching C$54.89. The stock had a trading volume of 52,686 shares, compared to its average volume of 130,990. The stock has a market cap of C$2.64 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.11 and a beta of 0.64. The North West Company Inc. has a 12-month low of C$37.15 and a 12-month high of C$55.93. The firm has a fifty day simple moving average of C$48.66 and a two-hundred day simple moving average of C$49.66. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78.

North West Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 24th will be given a $0.40 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.91%. North West’s dividend payout ratio is presently 58.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Securities lifted their price target on North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a research report on Thursday, April 10th. CIBC upped their price target on North West from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, April 11th. Cibc World Mkts upgraded shares of North West to a “strong-buy” rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets raised their price target on shares of North West from C$58.00 to C$60.00 in a report on Thursday, April 10th.

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.