North West (TSE:NWC) PT Set at C$59.00 by CIBC

North West (TSE:NWC) has been assigned a C$59.00 price objective by investment analysts at CIBC in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 25.16% from the stock’s previous close.

Separately, BMO Capital Markets upgraded shares of North West from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$56.00 to C$58.00 in a research report on Thursday, December 19th.

North West Price Performance

North West stock opened at C$47.14 on Wednesday. The stock has a market cap of C$2.27 billion, a price-to-earnings ratio of 17.33, a PEG 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. The business has a 50-day simple moving average of C$47.40 and a 200 day simple moving average of C$49.15. North West has a 52 week low of C$37.15 and a 52 week high of C$55.93.

Insiders Place Their Bets

In other news, Senior Officer Jim Caldwell sold 1,126 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$48.89, for a total value of C$55,050.14. Following the completion of the sale, the insider now owns 916 shares of the company’s stock, valued at approximately C$44,783.24. The trade was a 55.14 % decrease in their position. Insiders own 0.12% of the company’s stock.

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.