CIBC Boosts North West Company Inc (NWC) Price Target to C$33.00
North West Company Inc (TSE:NWC) had its price objective upped by investment analysts at CIBC from C$32.00 to C$33.00 in a report issued on Friday. CIBC’s price objective would suggest a potential upside of 4.20% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. TD Securities increased their price objective on North West from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research report on Thursday, June 15th. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$32.00 price objective on shares of North West in a research report on Friday, June 16th. Finally, Barclays PLC increased their price objective on North West from C$31.00 to C$33.00 in a research report on Thursday, June 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$32.00.
Shares of North West (NWC) traded down 4.96% during midday trading on Friday, reaching $30.10. 134,650 shares of the company’s stock traded hands. The stock has a market cap of $1.47 billion and a price-to-earnings ratio of 21.83. The stock has a 50 day moving average of $30.91 and a 200-day moving average of $31.24. North West has a 52-week low of $24.08 and a 52-week high of $33.74.
North West Company Profile
The North West Company Inc is a Canada-based retailer of food and everyday products and services to rural and urban neighborhoods in Canada, Alaska, the South Pacific and the Caribbean. Its segments are Canadian Operations and International Operations. Canadian Operations consist of approximately 120 Northern stores, over five NorthMart stores, approximately 10 Quickstop convenience stores, over 34 Giant Tiger (GT) junior discount stores, a Valu Lots discount center, a Solo Market store, a Price Chopper store, Crescent Multi Foods (CMF) and approximately two North West Company Fur Marketing outlets.
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