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

BMO Capital Markets upgraded shares of North West (TSE:NWC) from a market perform rating to an outperform rating in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has C$58.00 price target on the stock, up from their prior price target of C$56.00.

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

North West Stock Performance

North West stock opened at C$48.82 on Thursday. North West has a fifty-two week low of C$37.15 and a fifty-two week high of C$55.93. The stock’s 50 day simple moving average is C$52.12 and its two-hundred day simple moving average is C$47.66. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.64 and a current ratio of 2.22. The stock has a market cap of C$2.33 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.11 and a beta of 0.64.

Insider Buying and Selling

In other news, Senior Officer Jim Caldwell sold 1,126 shares of the company’s 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 transaction, the insider now owns 916 shares in the company, valued at approximately C$44,783.24. This represents a 55.14 % decrease in their ownership of the stock. Also, Senior Officer Matthew Johnson sold 1,179 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$52.37, for a total transaction of C$61,744.23. Insiders have sold 23,969 shares of company stock worth $1,252,828 in the last 90 days. 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.