North West (NWC) Sets New 52-Week High at $32.15
Shares of North West Company Inc (TSE:NWC) reached a new 52-week high during trading on Friday . The stock traded as high as C$32.15 and last traded at C$32.01, with a volume of 57080 shares changing hands. The stock had previously closed at C$31.81.
A number of brokerages have recently issued reports on NWC. Royal Bank of Canada increased their target price on North West from C$31.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 12th. Barclays raised North West from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from C$31.00 to C$34.00 in a research note on Wednesday, December 12th.
The company has a debt-to-equity ratio of 94.39, a quick ratio of 0.85 and a current ratio of 2.34.
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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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