North West (TSE:NWC - Get Free Report) was upgraded by investment analysts at Cibc World Mkts to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.
Other analysts have also issued research reports about the company. BMO Capital Markets upgraded North West from a "market perform" rating to an "outperform" rating and upped their target price for the stock from C$56.00 to C$58.00 in a report on Thursday, December 19th. CIBC set a C$59.00 price objective on North West and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. One investment 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$53.20.
Check Out Our Latest Analysis on NWC
North West Stock Up 0.2 %
Shares of NWC stock traded up C$0.10 on Wednesday, hitting C$47.18. The stock had a trading volume of 118,106 shares, compared to its average volume of 118,737. North West has a one year low of C$37.15 and a one year high of C$55.93. The business has a 50 day moving average price of C$47.33 and a 200 day moving average price of C$49.20. The company has a market cap of C$2.27 billion, a PE ratio of 17.35, a P/E/G ratio of 1.11 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78.
Insider Transactions at North West
In related news, Senior Officer Jim Caldwell sold 1,126 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 916 shares of the company's stock, valued at C$44,783.24. This trade represents a 55.14 % decrease in their position. Insiders own 0.12% of the company's stock.
About North West
(
Get Free Report)
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.
See Also
Before you consider North West, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and North West wasn't on the list.
While North West currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
