North West (TSE:NWC) Price Target Lowered to C$61.00 at Royal Bank Of Canada

North West (TSE:NWC) had its price objective cut by equities researchers at Royal Bank Of Canada from C$63.00 to C$61.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 27.19% from the stock’s current price.

A number of other brokerages have also recently commented on NWC. BMO Capital Markets boosted their price target on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce upped their target price on shares of North West from C$56.00 to C$63.00 in a report on Thursday, April 9th. Finally, TD Securities raised shares of North West to a “strong-buy” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$59.33.

North West Price Performance

Shares of NWC stock traded down C$1.87 on Thursday, reaching C$47.96. The company’s stock had a trading volume of 282,214 shares, compared to its average volume of 153,425. The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91. North West has a 12-month low of C$44.63 and a 12-month high of C$56.77. The company has a market capitalization of C$2.28 billion, a P/E ratio of 16.71, a PEG ratio of 1.11 and a beta of 0.00. The stock’s 50 day simple moving average is C$52.01 and its 200-day simple moving average is C$51.66.

North West (TSE:NWC) last released its quarterly earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share for the quarter. The business had revenue of C$675.55 million for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%. As a group, equities analysts predict that North West will post 3.4924863 earnings per share for the current fiscal 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. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.