North West (TSE:NWC) Price Target Raised to C$63.00

Key Points

• BMO Capital Markets raised its price target on North West to C$63.00 from C$56.00 (about a 13.7% upside), and other analysts including RBC (C$60, "outperform") and CIBC (C$63) have also bumped targets, leaving a consensus target of C$62.25 and an average rating of "Buy".
• The stock traded down to C$55.42 (−0.3%) with a market cap of C$2.65B and a PE of 18.85; North West reported quarterly EPS of C$0.78 on revenue of C$675.6M, with a 18.44% ROE and a 5.51% net margin.

North West (TSE:NWC - Get Free Report) had its price objective boosted by stock analysts at BMO Capital Markets from C$56.00 to C$63.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential upside of 13.68% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada boosted their price objective on North West from C$58.00 to C$60.00 and gave the company an "outperform" rating in a report on Tuesday. Canadian Imperial Bank of Commerce upped their price target on North West from C$56.00 to C$63.00 in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, North West currently has an average rating of "Buy" and a consensus target price of C$62.25.

North West Stock Down 0.3%

Shares of TSE:NWC traded down C$0.18 on Thursday, reaching C$55.42. The company had a trading volume of 112,975 shares, compared to its average volume of 144,341. North West has a 52-week low of C$44.63 and a 52-week high of C$57.95. The firm's 50 day simple moving average is C$54.12 and its 200-day simple moving average is C$50.18. The company has a current ratio of 2.26, a quick ratio of 0.64 and a debt-to-equity ratio of 60.08. The firm has a market capitalization of C$2.65 billion, a PE ratio of 18.85, a PEG ratio of 1.11 and a beta of 0.15.

North West (TSE:NWC - Get Free Report) last announced its earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share for the quarter. North West had a return on equity of 18.44% and a net margin of 5.51%.The firm had revenue of C$675.55 million for the quarter. As a group, analysts expect that North West will post 3.4924863 earnings per share for the current fiscal year.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company's revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.

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