Royal Bank Of Canada Has Lowered Expectations for North West (TSE:NWC) Stock Price

North West (TSE:NWC) had its price target reduced by analysts at Royal Bank Of Canada from C$63.00 to C$61.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 27.19% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Canadian Imperial Bank of Commerce raised their price target on shares of North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. BMO Capital Markets lifted their price target on North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. Finally, TD Securities raised North West to a “strong-buy” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, North West presently has an average rating of “Buy” and an average price target of C$59.33.

North West Stock Performance

NWC stock traded down C$1.87 on Thursday, hitting C$47.96. The company’s stock had a trading volume of 282,214 shares, compared to its average volume of 153,425. The stock has a market cap of C$2.28 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.11 and a beta of 0.00. The company has a current ratio of 2.10, a quick ratio of 0.64 and a debt-to-equity ratio of 54.91. North West has a 1 year low of C$44.63 and a 1 year high of C$56.77. The firm has a 50 day moving average of C$52.01 and a two-hundred day moving average of C$51.66.

North West (TSE:NWC) last announced its quarterly earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$675.55 million during the quarter. North West had a net margin of 5.37% and a return on equity of 17.82%. Equities analysts predict that North West will post 3.4924863 EPS for the current fiscal year.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.