Barclays Remains a Buy on North West (NWC)
In a new note to investors yesterday, an analyst has provided a rating update for the Services sector company, North West (NWC). Barclays’ analyst Jim Durran reiterates their Buy rating on the shares, with a C$36 price target.
Durran has an average return of 5.6% when recommending North West.
According to TipRanks.com, Durran is ranked #375 out of 5236 analysts.
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The word on The Street in general, suggests a Hold analyst consensus rating for North West.
Based on North West’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of C$38.34 million. In comparison, last year the company had a net profit of C$17.34 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 Tuesday at C$32.03.