North West (TSE:NWC) Reaches New 1-Year High After Analyst Upgrade
North West Company Inc (TSE:NWC)’s share price hit a new 52-week high during mid-day trading on Monday after BMO Capital Markets raised their price target on the stock from C$30.00 to C$36.00. The stock traded as high as C$32.75 and last traded at C$32.74, with a volume of 48992 shares. The stock had previously closed at C$30.91.
NWC has been the topic of several other research reports. TD Securities raised their price target on shares of North West from C$32.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada lifted their price objective on North West from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, CIBC boosted their target price on North West from C$27.00 to C$30.00 in a report on Thursday, June 11th.
The company’s 50-day moving average price is C$29.77 and its 200-day moving average price is C$26.96. The company has a quick ratio of 0.60, a current ratio of 1.87 and a debt-to-equity ratio of 121.74. The firm has a market cap of $1.69 billion and a price-to-earnings ratio of 24.71.
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.
Featured Story: Federal Reserve
Receive News & Ratings for North West Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North West and related companies with MarketBeat.com's FREE daily email newsletter.