The North West (TSE:NWC) Price Target Raised to C$40.00 at BMO Capital Markets

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The North West (TSE:NWC) had its price objective raised by equities researchers at BMO Capital Markets from C$38.00 to C$40.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 7.47% from the company’s previous close.

NWC has been the topic of several other research reports. Royal Bank of Canada boosted their target price on shares of The North West from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a report on Thursday, December 10th. TD Securities dropped their price objective on shares of The North West from C$38.00 to C$36.00 and set a “hold” rating on the stock in a report on Friday, January 8th. Finally, CIBC upped their price objective on shares of The North West to C$38.00 and gave the company a “neutral” rating in a report on Thursday.

NWC stock traded up C$1.22 during midday trading on Thursday, hitting C$37.22. The stock had a trading volume of 199,227 shares, compared to its average volume of 144,686. The firm has a market cap of C$1.82 billion and a P/E ratio of 14.80. 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 North West has a 1-year low of C$22.40 and a 1-year high of C$37.82. The business has a fifty day moving average price of C$34.11 and a two-hundred day moving average price of C$33.83.

The 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 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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