North West (TSE:NWC) had its price objective upped by equities research analysts at Royal Bank of Canada from C$30.00 to C$31.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 9.62% from the stock’s current price.

Separately, BMO Capital Markets reissued a “market perform” rating and set a C$31.00 price objective on shares of North West in a research note on Friday, June 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. North West presently has a consensus rating of “Hold” and a consensus price target of C$32.42.

Shares of North West stock traded down C$0.49 during trading on Friday, hitting C$28.28. 162,745 shares of the company were exchanged, compared to its average volume of 110,483. The firm has a 50 day moving average price of C$30.60 and a 200 day moving average price of C$30.00. The company has a quick ratio of 0.80, a current ratio of 2.17 and a debt-to-equity ratio of 127.52. The stock has a market capitalization of $1.41 billion and a price-to-earnings ratio of 14.77. North West has a fifty-two week low of C$27.03 and a fifty-two week high of C$33.16.

North West (TSE:NWC) last issued its quarterly earnings results on Wednesday, June 12th. The company reported C$0.34 earnings per share for the quarter. The business had revenue of C$494.53 million during the quarter. Analysts predict that North West will post 1.92 earnings per share for the current year.

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 Canada, Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 117 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 44 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 22 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 1 Solo Market store for rural market; 1 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; and 1 North West Company Fur Marketing outlet that offers wild furs, handicrafts, and authentic Canadian heritage products.

Further Reading: What does an inverted yield curve signify?

Analyst Recommendations for North West (TSE:NWC)

Receive News & Ratings for North West Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North West and related companies with MarketBeat.com's FREE daily email newsletter.