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

North West (TSE:NWC) was upgraded by equities researchers at Cibc World Mkts to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. BMO Capital Markets upgraded North West from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$56.00 to C$58.00 in a research report on Thursday, December 19th. CIBC set a C$59.00 target price on shares of North West and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$53.20.

North West Price Performance

Shares of TSE:NWC opened at C$47.14 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78. The firm has a 50-day simple moving average of C$47.40 and a 200 day simple moving average of C$49.15. North West has a fifty-two week low of C$37.15 and a fifty-two week high of C$55.93. The company has a market cap of C$2.27 billion, a PE ratio of 17.33, a P/E/G ratio of 1.11 and a beta of 0.64.

Insider Activity at North West

In other news, Senior Officer Jim Caldwell sold 1,126 shares of North West stock in a transaction on 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 in the company, 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 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.