The North West (TSE:NWC) had its price objective hoisted by equities researchers at TD Securities from C$33.00 to C$37.00 in a report released on Friday, March 16th. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 36.43% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. Barclays decreased their price target on The North West from C$33.00 to C$30.00 in a report on Monday, March 12th. Royal Bank of Canada reduced their target price on The North West from C$32.00 to C$31.00 and set a “sector perform” rating for the company in a report on Wednesday, December 13th. CIBC reduced their target price on The North West from C$33.00 to C$32.00 in a report on Wednesday, December 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$33.00 target price on shares of The North West in a report on Wednesday, December 13th.
Shares of TSE NWC traded down C$0.05 during mid-day trading on Friday, hitting C$27.12. 55,344 shares of the company were exchanged, compared to its average volume of 119,518. The North West has a 1-year low of C$26.50 and a 1-year high of C$33.74.
The North West (TSE:NWC) last issued its quarterly earnings results on Thursday, March 15th. The company reported C$0.43 earnings per share for the quarter. The North West had a return on equity of 22.37% and a net margin of 4.39%. The firm had revenue of C$489.80 million during the quarter.
WARNING: This piece was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/04/08/north-west-nwc-price-target-raised-to-c37-00-at-td-securities.html.
About The 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 122 Northern stores, which offer food, financial services, and general merchandise; 7 Northmart stores that provide fresh foods, fashion, and health products and services; 31 Giant Tiger junior discount stores, which offer family fashion, household products, and food; 13 Quickstop convenience stores that provide ready-to-eat foods, petroleum products, and related services; 1 Solo Market store for rural market; 1 Valu Lots clearance center; and 1 Price Chopper store, which offers grocery items.
Receive News & Ratings for The North West Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The North West and related companies with MarketBeat.com's FREE daily email newsletter.