BMO Capital Markets Increases North West (TSE:NWC) Price Target to C$56.00

North West (TSE:NWC) had its price objective hoisted by equities researchers at BMO Capital Markets from C$44.00 to C$56.00 in a report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 11.05% from the company’s previous close.

Several other analysts have also recently weighed in on the company. Royal Bank of Canada raised their price target on North West from C$40.00 to C$47.00 in a report on Friday. CIBC raised their price target on North West from C$43.00 to C$44.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Finally, TD Securities raised their price target on North West from C$52.00 to C$59.00 in a report on Friday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, North West has a consensus rating of “Hold” and an average target price of C$49.80.

North West Price Performance

NWC traded up C$1.51 during trading on Friday, reaching C$50.43. 103,790 shares of the company were exchanged, compared to its average volume of 64,221. The company’s 50-day moving average is C$44.04 and its two-hundred day moving average is C$41.09. The company has a market cap of C$2.40 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.11 and a beta of 0.63. The company has a quick ratio of 0.64, a current ratio of 2.14 and a debt-to-equity ratio of 60.46. North West has a 12-month low of C$29.58 and a 12-month high of C$51.05.

North West (TSE:NWC) last issued its quarterly earnings data on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.02. The business had revenue of C$646.49 million for the quarter. North West had a return on equity of 20.19% and a net margin of 5.37%. Research analysts forecast that North West will post 3.3071325 earnings per share for the current fiscal year.

Insider Activity

In other news, Director George Mcconnell Daniel sold 5,665 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$42.54, for a total transaction of C$240,989.10. In related news, Director George Mcconnell Daniel sold 5,665 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$42.54, for a total transaction of C$240,989.10. Also, Senior Officer Walter Pickett sold 767 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$42.64, for a total value of C$32,704.88. In the last three months, insiders have sold 11,662 shares of company stock worth $497,015. 0.12% of the stock is currently owned by insiders.

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 northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.