North West (TSE:NWC)‘s stock had its “market perform” rating reiterated by stock analysts at BMO Capital Markets in a research report issued on Friday, BayStreet.CA reports. They currently have a C$31.00 price objective on the stock. BMO Capital Markets’ target price indicates a potential downside of 0.99% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Industrial Alliance Securities decreased their target price on shares of North West from C$34.00 to C$32.50 and set a “buy” rating on the stock in a research note on Monday, March 18th. CIBC decreased their target price on shares of North West from C$31.00 to C$30.00 in a research note on Monday, March 18th. Royal Bank of Canada reduced their price objective on shares of North West from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Monday, March 18th. TD Securities reduced their price objective on shares of North West from C$36.00 to C$34.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$32.25.
TSE NWC opened at C$31.31 on Friday. The firm has a market cap of $1.46 billion and a price-to-earnings ratio of 17.69. North West has a fifty-two week low of C$27.03 and a fifty-two week high of C$33.16. 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 (TSE:NWC) last posted its earnings results on Thursday, March 14th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$532.48 million for the quarter. As a group, sell-side analysts predict that North West will post 1.9799999 earnings per share for the current year.
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 117 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 44 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 22 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; 2 Pharmacy and Convenience stores; and 1 North West Company Fur Marketing outlet that offers wild furs, handicrafts, and authentic Canadian heritage products.
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