North West (TSE:NWC) Rating Increased to Outperform at BMO Capital Markets

North West (TSE:NWC) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Thursday,BayStreet.CA reports. The firm presently has a C$58.00 target price on the stock, up from their previous target price of C$56.00. BMO Capital Markets’ target price points to a potential upside of 18.80% from the stock’s previous close.

NWC has been the subject of several other research reports. TD Securities increased their target price on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. Royal Bank of Canada boosted their target price on shares of North West from C$40.00 to C$47.00 in a research report on Friday, September 6th.

North West Stock Down 0.7 %

Shares of North West stock opened at C$48.82 on Thursday. The stock has a 50 day moving average price of C$52.12 and a two-hundred day moving average price of C$47.59. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. North West has a 12-month low of C$37.15 and a 12-month high of C$55.93. The stock has a market capitalization of C$2.33 billion, a P/E ratio of 17.82, a PEG ratio of 1.11 and a beta of 0.64.

Insider Activity at North West

In other North West news, Senior Officer Jim Caldwell sold 1,126 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$48.89, for a total transaction of C$55,050.14. Following the completion of the transaction, the insider now owns 916 shares in the company, valued at C$44,783.24. This trade represents a 55.14 % decrease in their ownership of the stock. Also, Director George Mcconnell Daniel sold 4,781 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total value of C$252,436.80. Over the last ninety days, insiders sold 23,969 shares of company stock worth $1,252,828. 0.12% of the stock is owned by corporate insiders.

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.