The North West Company (TSE:NWC) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$27.61 and last traded at C$27.83, with a volume of 30511 shares changing hands. The stock had previously closed at C$27.70.
Several equities research analysts have commented on the stock. Royal Bank of Canada lowered their target price on shares of The North West from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Friday, March 16th. BMO Capital Markets lowered their target price on shares of The North West from C$33.00 to C$31.00 and set a “market perform” rating for the company in a research note on Friday, March 16th. TD Securities upped their target price on shares of The North West from C$33.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, March 16th. Finally, Barclays lowered their target price on shares of The North West from C$33.00 to C$30.00 in a research note on Monday, March 12th.
The North West (TSE:NWC) last issued its quarterly earnings data on Thursday, March 15th. The company reported C$0.43 earnings per share (EPS) for the quarter. The North West had a net margin of 4.39% and a return on equity of 22.37%. The company had revenue of C$489.80 million during the quarter.
In related news, Director W. Brock Bulbuck acquired 2,000 shares of the stock in a transaction dated Tuesday, April 24th. The stock was bought at an average price of C$27.86 per share, with a total value of C$55,720.00.
The 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 Canada, Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 122 Northern stores, which offer food, financial services, and general merchandise; 7 Northmart stores that provide fresh foods, fashion, and health products and services; 31 Giant Tiger junior discount stores, which offer family fashion, household products, and food; 13 Quickstop convenience stores that provide ready-to-eat foods, petroleum products, and related services; 1 Solo Market store for rural market; 1 Valu Lots clearance center; and 1 Price Chopper store, which offers grocery items.
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