Royal Bank of Canada Increases North West (TSE:NWC) Price Target to C$40.00

North West (TSE:NWC) had its target price lifted by Royal Bank of Canada from C$38.00 to C$40.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 2.54% from the company’s previous close.

North West Price Performance

Shares of NWC stock opened at C$39.01 on Thursday. The company has a quick ratio of 0.64, a current ratio of 2.14 and a debt-to-equity ratio of 63.79. The business’s fifty day moving average is C$39.39 and its 200 day moving average is C$37.99. North West has a twelve month low of C$29.58 and a twelve month high of C$41.12. The stock has a market cap of C$1.86 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.11 and a beta of 0.63.

Insiders Place Their Bets

In other news, Senior Officer Leanne Flewitt sold 995 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$39.08, for a total transaction of C$38,884.60. Corporate insiders own 0.15% of the company’s stock.

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 Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.