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

North West (TSE:NWC) was upgraded by Cibc World Mkts to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. BMO Capital Markets upgraded North West from a “market perform” rating to an “outperform” rating and boosted 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 target price on shares of North West and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$53.20.

North West Stock Up 2.1 %

Shares of North West stock opened at C$47.14 on Wednesday. The stock 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. The firm has a market cap of C$2.27 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64.

Insider Buying and Selling

In related news, Senior Officer Jim Caldwell sold 1,126 shares of the stock in a transaction dated 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 sale, the insider now owns 916 shares in the company, valued at approximately C$44,783.24. This trade represents a 55.14 % decrease in their ownership of the stock. 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.