The North West (TSE:NWC) PT Raised to C$37.00

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.

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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.

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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.

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