North West (TSE:NWC) Upgraded to “Strong-Buy” at Cibc World Mkts

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

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

North West Stock Up 2.1 %

Shares of TSE:NWC opened at C$47.14 on Wednesday. North West has a 52-week low of C$37.15 and a 52-week high of C$55.93. The firm has a fifty day moving average of C$47.40 and a 200 day moving average of C$49.15. The firm has a market capitalization of C$2.27 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16.

Insider Transactions at North West

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