The North West (TSE:NWC) PT Raised to C$36.00

The North West (TSE:NWC) had its price objective lifted by Royal Bank of Canada from C$35.00 to C$36.00 in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 0.42% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. CIBC boosted their price objective on The North West to C$38.00 and gave the company a “neutral” rating in a report on Thursday, April 8th. BMO Capital Markets boosted their price objective on The North West from C$38.00 to C$40.00 in a report on Thursday, April 8th. Finally, TD Securities boosted their price objective on The North West from C$36.00 to C$37.00 and gave the company a “hold” rating in a report on Friday, April 9th.

TSE:NWC opened at C$35.85 on Wednesday. The North West has a 52 week low of C$26.90 and a 52 week high of C$37.82. The company has a debt-to-equity ratio of 79.58, a current ratio of 1.26 and a quick ratio of 0.52. The stock has a market capitalization of C$1.74 billion and a P/E ratio of 12.71. The company has a fifty day simple moving average of C$35.86.

The North West (TSE:NWC) last posted its earnings results on Wednesday, April 7th. The company reported C$0.54 EPS for the quarter. The business had revenue of C$565.19 million during the quarter. Equities analysts expect that The North West will post 2.4700001 EPS for the current year.

In related news, Director Edward Stephen Kennedy sold 133,400 shares of the business’s stock in a transaction on Tuesday, April 13th. The stock was sold at an average price of C$36.66, for a total transaction of C$4,890,310.60. Following the completion of the transaction, the director now directly owns 105,273 shares of the company’s stock, valued at approximately C$3,859,202.91.

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 118 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 25 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 5 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 2 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; 1 Solo Market store for rural market; and 1 North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.

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