BMO Capital Markets Issues Pessimistic Forecast for North West (TSE:NWC) Stock Price

North West (TSE:NWC) had its price objective decreased by analysts at BMO Capital Markets from C$57.00 to C$56.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 16.42% from the company’s current price.

Several other research firms have also recently issued reports on NWC. Royal Bank Of Canada reduced their price objective on shares of North West from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. CIBC reduced their price target on shares of North West from C$59.00 to C$58.00 and set an “outperform” rating on the stock in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$58.75.

North West Stock Performance

NWC opened at C$48.10 on Thursday. The company’s 50 day moving average is C$47.28 and its 200 day moving average is C$48.80. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. The company has a market cap of C$2.30 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.11 and a beta of -0.03. North West has a 12-month low of C$44.48 and a 12-month high of C$57.95.

North West (TSE:NWC) last issued its quarterly earnings results on Tuesday, December 9th. The company reported C$0.82 EPS for the quarter. North West had a return on equity of 18.43% and a net margin of 5.14%.The business had revenue of C$634.32 million during the quarter. On average, equities research analysts predict that North West will post 3.4924863 EPS for the current year.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue.