BMO Capital Markets Has Lowered Expectations for North West (TSE:NWC) Stock Price

North West (TSE:NWC) had its price objective lowered by investment analysts at BMO Capital Markets from C$57.00 to C$56.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.23% from the company’s current price.

Several other research firms have also recently issued reports on NWC. Royal Bank Of Canada decreased their price target on North West from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. CIBC cut their price target on North West from C$59.00 to C$58.00 and set an “outperform” rating for the company in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$58.75.

North West Stock Up 1.7%

Shares of NWC traded up C$0.81 during trading hours on Thursday, hitting C$48.18. 155,638 shares of the company were exchanged, compared to its average volume of 138,994. North West has a 52 week low of C$44.48 and a 52 week high of C$57.95. The company has a market cap of C$2.30 billion, a PE ratio of 16.96, a PEG ratio of 1.11 and a beta of -0.03. The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16. The firm’s 50 day moving average is C$47.25 and its 200-day moving average is C$48.87.

North West (TSE:NWC) last announced its earnings results on Tuesday, December 9th. The company reported C$0.82 earnings per share for the quarter. The firm had revenue of C$634.32 million during the quarter. North West had a return on equity of 18.43% and a net margin of 5.14%. On average, equities research analysts forecast that North West will post 3.4924863 EPS for the current fiscal 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.