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

CIBC set a C$59.00 price objective on North West (TSE:NWC) in a research note released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

North West Stock Down 2.2 %

Shares of North West 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. North West has a 1 year low of C$37.15 and a 1 year high of C$55.93. The stock has a 50-day moving average price of C$47.40 and a 200 day moving average price of C$49.15. The company has a market cap of C$2.22 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.11 and a beta of 0.64.

Insiders Place Their Bets

In other North West news, Senior Officer Jim Caldwell sold 1,126 shares of North West 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 sale, the insider now directly owns 916 shares in the company, valued at C$44,783.24. The trade was a 55.14 % decrease in their ownership of the stock. 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.