North West (TSE:NWC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

The North West Company Inc. (TSE:NWC)’s stock price crossed 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.

Analysts Set New Price Targets

NWC has been the topic of several recent research reports. BMO Capital Markets cut their target price 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 lowered their price objective on North West from C$60.00 to C$58.00 and set an “outperform” rating for the company in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$58.75.

North West Stock Down 1.1%

The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78. The stock’s 50-day simple moving average is C$49.14 and its 200 day simple moving average is C$48.36. The firm has a market cap of C$2.32 billion, a P/E ratio of 16.56, a PEG ratio of 1.11 and a beta of -0.14.

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