North West (TSE:NWC) PT Set at C$59.00 by CIBC

North West (TSE:NWC) received a C$59.00 price target from equities research analysts at CIBC in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 28.09% from the stock’s current price.

Separately, BMO Capital Markets raised shares of North West from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$56.00 to C$58.00 in a research note on Thursday, December 19th.

North West Price Performance

TSE NWC traded up C$1.55 on Wednesday, hitting C$46.06. 140,200 shares of the company’s stock were exchanged, compared to its average volume of 112,343. North West has a 52 week low of C$37.15 and a 52 week high of C$55.93. The stock has a 50-day moving average of C$47.70 and a 200-day moving average of C$49.15. 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 market cap of C$2.22 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.11 and a beta of 0.64.

Insider Buying and Selling

In related news, Senior Officer Jim Caldwell sold 1,126 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 916 shares of the company’s stock, valued at approximately C$44,783.24. This trade represents a 55.14 % decrease in their position. 0.12% of the stock is currently owned by company 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.