BMO Capital Markets Cuts North West (TSE:NWC) Price Target to C$59.00

North West (TSE:NWC) had its price target reduced by analysts at BMO Capital Markets from C$63.00 to C$59.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 23.02% from the stock’s current price.

A number of other research firms have also commented on NWC. Royal Bank Of Canada lowered their target price on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities raised shares of North West to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$59.33.

North West Price Performance

NWC traded down C$1.87 during midday trading on Thursday, reaching C$47.96. 282,214 shares of the company’s stock were exchanged, compared to its average volume of 153,425. The firm has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.11 and a beta of 0.00. The business has a 50-day simple moving average of C$52.01 and a two-hundred day simple moving average of C$51.66. 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 one year low of C$44.63 and a one year high of C$56.77.

North West (TSE:NWC) last posted its quarterly earnings data on Wednesday, April 8th. The company reported C$0.78 earnings per share for the quarter. The company 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, research analysts predict that North West will post 3.4924863 EPS for the current year.

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.