North West (TSE:NWC) had its price target dropped by equities research analysts at Royal Bank of Canada from C$32.00 to C$30.00 in a research note issued to investors on Monday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 3.27% from the stock’s previous close.
NWC has been the topic of several other research reports. Barclays reaffirmed an “average” rating and issued a C$36.00 price target on shares of North West in a research note on Wednesday, March 13th. TD Securities boosted their price target on North West from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Tuesday, January 15th.
Shares of TSE:NWC traded down C$1.01 during trading on Monday, hitting C$29.05. 171,023 shares of the stock were exchanged, compared to its average volume of 139,195. The company has a current ratio of 2.34, a quick ratio of 0.85 and a debt-to-equity ratio of 94.39. The firm has a market capitalization of $1.42 billion and a PE ratio of 16.06. North West has a 1-year low of C$26.50 and a 1-year high of C$33.16.
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 119 Northern stores, which offers food, financial services, and general merchandise; 6 NorthMart stores that provides fresh foods, apparel, and health products and services; 41 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 16 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; and 1 Tim Hortons stand-alone franchise restaurant; 1 Wally's Drug Store; and 2 North West Company Fur Marketing outlets, which offers wild furs, Aboriginal handicrafts, and authentic Canadian heritage products.
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