Royal Bank of Canada Boosts North West (TSE:NWC) Price Target to C$40.00

North West (TSE:NWC) had its price target raised by research analysts at Royal Bank of Canada from C$38.00 to C$40.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 3.23% from the company’s previous close.

North West Stock Performance

Shares of NWC stock traded up C$0.07 during trading hours on Thursday, reaching C$38.75. 40,511 shares of the company’s stock were exchanged, compared to its average volume of 60,436. The company has a debt-to-equity ratio of 63.79, a current ratio of 2.14 and a quick ratio of 0.64. The company’s 50 day moving average is C$39.41 and its two-hundred day moving average is C$37.99. The company has a market cap of C$1.85 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.63. North West has a 1 year low of C$29.58 and a 1 year high of C$41.12.

Insiders Place Their Bets

In other news, Senior Officer Leanne Flewitt sold 995 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of C$39.08, for a total value of C$38,884.60. Insiders own 0.15% of the company’s stock.

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 northern Canada, rural Alaska, the South Pacific, and the Caribbean. The Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.