North West (TSE:NWC) Given a C$59.00 Price Target at CIBC

North West (TSE:NWC - Get Free Report) received a C$59.00 target price from CIBC in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's target price would indicate a potential upside of 27.95% from the company's previous close.

Separately, BMO Capital Markets upgraded shares of North West from a "market perform" rating to an "outperform" rating and lifted their target price for the company from C$56.00 to C$58.00 in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, North West has an average rating of "Buy" and an average target price of C$53.20.

North West Price Performance

Shares of NWC traded down C$1.03 during trading hours on Wednesday, reaching C$46.11. 160,803 shares of the stock traded hands, compared to its average volume of 116,388. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. North West has a 52-week low of C$37.15 and a 52-week high of C$55.93. The company's 50-day moving average price is C$47.40 and its two-hundred day moving average price is C$49.15. The company has a market cap of C$2.22 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64.

Insider Buying and Selling at North West

In other North West news, Senior Officer Jim Caldwell sold 1,126 shares of North West stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$48.89, for a total value of C$55,050.14. Following the sale, the insider now directly owns 916 shares in the company, valued at approximately C$44,783.24. The trade was a 55.14 % decrease in their position. 0.12% of the stock is currently owned by insiders.

About North West

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 company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.