North West (NWC) Receives a Hold from BMO Capital

By Austin Angelo

In a new note to investors today, an analyst has provided a rating update for the Services sector company, North West (NWCResearch Report). Analyst Stephen Macleod from BMO Capital remains neutral on the stock and has a C$31 price target.

According to TipRanks.com, Macleod is ranked #507 out of 5202 analysts.

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Currently, the analyst consensus on North West is a Hold with an average price target of C$31.25, representing a 0.7% upside. In a report released yesterday, Industrial Alliance Securities also downgraded the stock to Hold.

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Based on North West’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of C$25.12 million. In comparison, last year the company had a net profit of C$17.76 million.

The North West Co., Inc. engages in the retail of food and everyday products and services to rural communities and urban neighbourhoods. It operates through the Canadian and International segments. The Canadian segment includes 122 Northern, 7 NorthMart, 13 Quickstop, 31 Giant Tiger, 1 Solo Market and 1 Valu Lots.

The company’s shares closed on Friday at C$31.04.