BMO Capital Markets Upgrades North West (TSE:NWC) to Outperform

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

A number of other research analysts have also issued reports on the stock. TD Securities increased their target price on shares of North West from C$52.00 to C$59.00 in a research report on Friday, September 6th. Royal Bank of Canada upped their price target on shares of North West from C$40.00 to C$47.00 in a report on Friday, September 6th.

North West Price Performance

TSE:NWC opened at C$49.18 on Thursday. The stock has a market capitalization of C$2.35 billion, a PE ratio of 17.95, a P/E/G ratio of 1.11 and a beta of 0.64. The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00. The firm has a fifty day simple moving average of C$52.19 and a 200 day simple moving average of C$47.51. North West has a 1-year low of C$37.15 and a 1-year high of C$55.93.

Insider Buying and Selling at North West

In other news, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total transaction of C$100,020.33. Also, Senior Officer John King sold 4,554 shares of North West stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of C$52.80, for a total value of C$240,451.20. Over the last quarter, insiders have sold 23,969 shares of company stock valued at $1,252,828. 0.12% of the stock is currently owned by 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.