North West (TSE:NWC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

The North West Company Inc. (TSE:NWC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$48.36 and traded as high as C$49.55. North West shares last traded at C$48.70, with a volume of 131,695 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets cut their price target on shares of North West from C$57.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Royal Bank Of Canada dropped their price objective on North West from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$58.75.

North West Stock Performance

The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64. The company’s fifty day moving average price is C$49.15 and its 200 day moving average price is C$48.36. The company has a market cap of C$2.32 billion, a PE ratio of 16.53, a P/E/G ratio of 1.11 and a beta of -0.14.

North West (TSE:NWC) last posted its quarterly earnings data on Tuesday, December 9th. The company reported C$0.82 earnings per share for the quarter. North West had a return on equity of 18.43% and a net margin of 5.14%.The business had revenue of C$634.32 million for the quarter. On average, equities research analysts predict that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.