North West (TSE:NWC) PT Set at C$60.00 by Royal Bank Of Canada

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) received a C$60.00 target price from equities researchers at Royal Bank Of Canada in a research note issued to investors on Monday, July 28th, MarketBeat Ratings reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 27.15% from the company's previous close.

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

North West Stock Performance

North West stock traded down C$0.37 during trading hours on Monday, hitting C$47.19. The stock had a trading volume of 65,851 shares, compared to its average volume of 128,256. The company has a 50-day moving average of C$50.16 and a two-hundred day moving average of C$50.05. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78. The company has a market cap of C$2.27 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. North West has a fifty-two week low of C$42.94 and a fifty-two week high of C$57.95.

Insiders Place Their Bets

In other North West news, Senior Officer Vineet Gupta purchased 2,200 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was purchased at an average cost of C$49.95 per share, with a total value of C$109,890.00. 0.12% of the stock is owned by corporate insiders.

About North West

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.