The North West (TSE:NWC) Price Target Cut to C$31.00

The North West (TSE:NWC) had its price objective cut by BMO Capital Markets from C$33.00 to C$31.00 in a research note published on Friday, March 16th. They currently have a market perform rating on the stock.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their target price on The North West from C$32.00 to C$31.00 and set a sector perform rating on the stock in a report on Wednesday, December 13th. Barclays decreased their target price on The North West from C$33.00 to C$30.00 in a report on Monday, March 12th. TD Securities upped their price target on The North West from C$33.00 to C$37.00 and gave the company a buy rating in a research note on Friday, March 16th. Finally, CIBC cut their price target on The North West from C$33.00 to C$32.00 in a research note on Wednesday, December 13th.

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NWC opened at C$27.12 on Friday. 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 announced 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 for 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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