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

The North West Company Inc. (TSE:NWC)’s stock price crossed 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 firms have recently commented on NWC. Jefferies Financial Group lifted their price objective on shares of North West from C$41.00 to C$43.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada raised their target price on shares of North West from C$38.00 to C$40.00 in a report on Thursday, April 11th. Finally, TD Securities lifted their price objective on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$41.20.

North West Stock Up 0.4 %

The company has a current ratio of 2.01, a quick ratio of 0.64 and a debt-to-equity ratio of 57.45. The company has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.11 and a beta of 0.62. The firm’s fifty day simple moving average is C$39.33 and its two-hundred day simple moving average is C$38.17.

North West Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 18th will be issued a $0.39 dividend. The ex-dividend date of this dividend 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%.

North West Company Profile

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.