North West (TSE:NWC) had its price target dropped by analysts at TD Securities from C$36.00 to C$34.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 18.72% from the stock’s current price.
A number of other brokerages have also recently issued reports on NWC. Barclays reissued an “average” rating and issued a C$36.00 price objective on shares of North West in a research note on Wednesday, March 13th. Royal Bank of Canada lifted their price objective on shares of North West from C$31.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. North West presently has an average rating of “Hold” and a consensus target price of C$32.25.
Shares of TSE:NWC opened at C$28.64 on Monday. The company has a market capitalization of $1.42 billion and a P/E ratio of 16.18. The company has a current ratio of 2.13, a quick ratio of 0.73 and a debt-to-equity ratio of 87.09. North West has a 1 year low of C$26.59 and a 1 year high of C$33.16.
North West Company Profile
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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