Royal Bank of Canada Increases North West (TSE:NWC) Price Target to C$30.00

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North West (TSE:NWC) had its price objective increased by equities research analysts at Royal Bank of Canada from C$27.00 to C$30.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 8.38% from the company’s current price.

NWC has been the subject of a number of other research reports. TD Securities increased their price objective on shares of North West from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets increased their price objective on shares of North West from C$28.00 to C$30.00 in a report on Thursday. Finally, CIBC increased their price objective on shares of North West from C$25.00 to C$27.00 in a report on Monday, April 13th.

North West stock traded up C$0.53 during midday trading on Thursday, reaching C$27.68. The company had a trading volume of 154,767 shares, compared to its average volume of 148,253. The company has a market capitalization of $1.32 billion and a P/E ratio of 16.48. North West has a 12-month low of C$16.06 and a 12-month high of C$31.77. The firm’s fifty day simple moving average is C$26.02 and its 200-day simple moving average is C$26.02. The company has a debt-to-equity ratio of 128.83, a current ratio of 2.06 and a quick ratio of 0.72.

North West (TSE:NWC) last issued its quarterly earnings results on Thursday, March 12th. The company reported C$0.30 earnings per share for the quarter. The company had revenue of C$553.06 million during the quarter. On average, analysts expect that North West will post 1.8340833 EPS for the current fiscal year.

About North West

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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