North West (TSE:NWC) Given a C$60.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank Of Canada has set a price target of C$60.00 for North West (TSE:NWC), indicating a potential upside of 24.51% from its current stock price, along with an "outperform" rating.
• Other analysts, including TD Securities and CIBC, have also raised their price targets for North West, with four analysts rating the stock as a "buy."
• In a recent transaction, a senior officer purchased 2,200 shares of North West stock at an average price of C$49.95, reflecting insider confidence in the company's performance.

North West (TSE:NWC - Get Free Report) has been given a C$60.00 price target by equities research analysts at Royal Bank Of Canada in a research note issued on Monday, Marketbeat.com reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 25.47% from the stock's previous close.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. CIBC increased their price objective on shares of North West from C$59.00 to C$60.00 and gave the company an "outperform" rating in a report on Friday, April 11th. Finally, TD Securities raised their target price on shares of North West from C$59.00 to C$63.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$60.75.

North West Price Performance

Shares of North West stock traded down C$0.23 on Monday, hitting C$47.82. The company had a trading volume of 22,765 shares, compared to its average volume of 128,094. The business has a 50-day simple moving average of C$50.53 and a 200-day simple moving average of C$49.98. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64. The company has a market cap of C$2.30 billion, a PE ratio of 17.58, a PEG ratio of 1.11 and a beta of 0.64. North West has a 52 week low of C$42.94 and a 52 week high of C$57.95.

Insiders Place Their Bets

In other North West news, Senior Officer Vineet Gupta bought 2,200 shares of North West stock in a transaction that occurred on Tuesday, June 17th. The stock was purchased at an average cost of C$49.95 per share, for a total transaction of C$109,890.00. Insiders own 0.12% 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 company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.