North West (TSE:NWC) Stock Passes Above 200-Day Moving Average of $38.17

The North West Company Inc. (TSE:NWC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$38.17 and traded as high as C$38.75. North West shares last traded at C$38.68, with a volume of 37,545 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on North West from C$38.00 to C$40.00 in a report on Thursday, April 11th. Jefferies Financial Group boosted their price target on North West from C$41.00 to C$43.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, TD Securities boosted their price target on North West from C$44.00 to C$45.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$41.20.

North West Stock Performance

The company has a 50-day simple moving average of C$39.33 and a two-hundred day simple moving average of C$38.17. The company has a debt-to-equity ratio of 57.45, a quick ratio of 0.64 and a current ratio of 2.01. The firm has a market capitalization of C$1.84 billion, a P/E ratio of 14.49, a PEG ratio of 1.11 and a beta of 0.62.

North West Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 18th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, April 17th. This represents a $1.56 annualized dividend and a yield of 4.03%. North West’s payout ratio is 58.43%.

About North West

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 northern Canada, rural Alaska, the South Pacific, and the Caribbean. The Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.