North West (TSE:NWC) had its price objective raised by analysts at TD Securities from C$30.00 to C$32.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 15.61% from the stock’s previous close.
A number of other brokerages also recently issued reports on NWC. CIBC raised their price target on shares of North West from C$25.00 to C$27.00 in a report on Monday, April 13th. Royal Bank of Canada cut their price target on shares of North West from C$30.00 to C$27.00 and set a “sector perform” rating for the company in a report on Friday, March 13th.
Shares of TSE NWC traded up C$0.53 during midday trading on Thursday, reaching C$27.68. 154,767 shares of the stock were exchanged, compared to its average volume of 148,253. The company has a 50 day simple moving average of C$26.02 and a 200 day simple moving average of C$26.02. The stock has a market capitalization of $1.32 billion and a P/E ratio of 16.48. The company has a debt-to-equity ratio of 128.83, a quick ratio of 0.72 and a current ratio of 2.06. North West has a twelve month low of C$16.06 and a twelve month high of C$31.77.
North West (TSE:NWC) last announced its quarterly earnings results on Thursday, March 12th. The company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$553.06 million for the quarter. On average, research analysts expect that North West will post 1.8340833 earnings per share for the current year.
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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