North West (NWC) Price Target Lowered to C$30.00 at Barclays

North West (TSE:NWC) had its target price dropped by investment analysts at Barclays from C$33.00 to C$30.00 in a report released on Monday. Barclays’ price objective indicates a potential upside of 6.65% from the stock’s previous close.

Several other research firms also recently weighed in on NWC. Royal Bank of Canada cut their price target on North West from C$32.00 to C$31.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 13th. BMO Capital Markets restated a “market perform” rating and issued a C$33.00 price target on shares of North West in a research note on Wednesday, December 13th. Finally, CIBC cut their price target on North West from C$33.00 to C$32.00 in a research note on Wednesday, December 13th.

North West (NWC) traded down C$0.17 during mid-day trading on Monday, hitting C$28.13. The company’s stock had a trading volume of 71,523 shares, compared to its average volume of 120,341. North West has a 1 year low of C$27.01 and a 1 year high of C$33.74. The stock has a market cap of $1,380.00, a P/E ratio of 20.66 and a beta of 0.10.

North West (TSE:NWC) last posted its earnings results on Tuesday, December 12th. The company reported C$0.42 earnings per share for the quarter. North West had a return on equity of 22.37% and a net margin of 4.39%. The firm had revenue of C$479.29 million for the quarter.

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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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