Royal Bank Of Canada Has Lowered Expectations for North West (TSE:NWC) Stock Price

North West (TSE:NWC) had its price target cut by equities research analysts at Royal Bank Of Canada from C$60.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 19.24% from the company’s current price.

Separately, CIBC decreased their price objective on North West from C$59.00 to C$58.00 and set an “outperform” rating for the company in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$59.75.

North West Stock Down 2.6%

TSE:NWC traded down C$1.30 during midday trading on Thursday, reaching C$48.64. 164,579 shares of the stock traded hands, compared to its average volume of 136,889. The stock has a market capitalization of C$2.32 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.11 and a beta of -0.01. North West has a 12-month low of C$44.48 and a 12-month high of C$57.95. The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16. The business has a 50-day moving average of C$47.19 and a two-hundred day moving average of C$49.14.

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.