North West (TSE:NWC) Upgraded at Cibc World Mkts

Cibc World Mkts upgraded shares of North West (TSE:NWC) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other research analysts have also recently issued reports on NWC. CIBC set a C$59.00 price objective on North West and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets upgraded shares of North West from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$56.00 to C$58.00 in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, North West has a consensus rating of “Buy” and a consensus target price of C$53.20.

North West Stock Performance

Shares of NWC stock opened at C$46.11 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. The stock has a 50 day simple moving average of C$47.40 and a 200-day simple moving average of C$49.15. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. North West has a 12-month low of C$37.15 and a 12-month high of C$55.93.

Insider Buying and Selling

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

North West Company Profile

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.