Shares of North West Company Inc (TSE:NWC) were down 5.4% on Thursday . The stock traded as low as C$29.98 and last traded at C$30.40. Approximately 233,711 shares changed hands during trading, an increase of 74% from the average daily volume of 134,558 shares. The stock had previously closed at C$32.12.
Several analysts recently weighed in on NWC shares. TD Securities lifted their price target on North West from C$34.00 to C$36.00 and gave the stock a “buy” rating in a report on Tuesday, January 15th. Barclays reissued an “average” rating and set a C$36.00 price target on shares of North West in a report on Wednesday. Finally, Royal Bank of Canada lifted their price target on North West from C$31.00 to C$32.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 12th.
The firm has a market capitalization of $1.55 billion and a price-to-earnings ratio of 16.77. The company has a quick ratio of 0.85, a current ratio of 2.34 and a debt-to-equity ratio of 94.39.
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About North West (TSE:NWC)
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 119 Northern stores, which offers food, financial services, and general merchandise; 6 NorthMart stores that provides fresh foods, apparel, and health products and services; 41 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 16 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; and 1 Tim Hortons stand-alone franchise restaurant; 1 Wally's Drug Store; and 2 North West Company Fur Marketing outlets, which offers wild furs, Aboriginal handicrafts, and authentic Canadian heritage products.
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