Jefferies Financial Group Boosts North West (TSE:NWC) Price Target to C$43.00

North West (TSE:NWC) had its target price hoisted by Jefferies Financial Group from C$41.00 to C$43.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. Jefferies Financial Group currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the stock. TD Securities raised their target price on shares of North West from C$44.00 to C$45.00 and gave the stock a buy rating in a report on Thursday, April 11th. Royal Bank of Canada raised their price target on shares of North West from C$38.00 to C$40.00 in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, North West currently has an average rating of Hold and an average target price of C$41.20.

North West Price Performance

North West stock opened at C$39.50 on Friday. The firm has a 50-day moving average price of C$39.39 and a 200-day moving average price of C$38.10. The firm has a market capitalization of C$1.88 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.62. The company has a current ratio of 2.01, a quick ratio of 0.64 and a debt-to-equity ratio of 57.45. North West has a 12-month low of C$29.58 and a 12-month high of C$41.12.

North West Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 29th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, April 17th. North West’s payout ratio is currently 58.43%.

Insider Transactions at North West

In other news, Senior Officer Leanne Flewitt sold 995 shares of North West stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of C$39.08, for a total value of C$38,884.60. Insiders own 0.15% of the company’s stock.

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 Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.