North West (TSE:NWC) Upgraded to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of North West (TSE:NWC) from a market perform rating to an outperform rating in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has C$58.00 target price on the stock, up from their prior target price of C$56.00.

Other analysts have also issued research reports about the company. Royal Bank of Canada increased their price objective on North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. TD Securities lifted their target price on North West from C$52.00 to C$59.00 in a research report on Friday, September 6th.

North West Trading Up 0.4 %

Shares of North West stock opened at C$49.18 on Thursday. The company’s 50-day simple moving average is C$52.19 and its 200-day simple moving average is C$47.51. North West has a 52-week low of C$37.15 and a 52-week high of C$55.93. The firm has a market cap of C$2.35 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00.

Insiders Place Their Bets

In other North West news, Senior Officer John King sold 4,554 shares of North West stock in a transaction on Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total transaction of C$240,451.20. Also, Senior Officer Jim Caldwell sold 1,126 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$48.89, for a total value of C$55,050.14. Following the sale, the insider now directly owns 916 shares of the company’s stock, valued at C$44,783.24. This represents a 55.14 % decrease in their ownership of the stock. Insiders sold a total of 23,969 shares of company stock worth $1,252,828 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.

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.