North West (TSE:NWC) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

The North West Company Inc. (TSE:NWC)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$49.41 and traded as high as C$55.46. North West shares last traded at C$55.25, with a volume of 107,100 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on NWC shares. Royal Bank Of Canada reduced their price objective on shares of North West from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. BMO Capital Markets reduced their price target on North West from C$57.00 to C$56.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$58.75.

North West Stock Down 0.1%

The business’s fifty day moving average is C$51.60 and its two-hundred day moving average is C$49.41. The company has a market cap of C$2.64 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.11 and a beta of -0.17. The company has a debt-to-equity ratio of 60.08, a quick ratio of 0.64 and a current ratio of 2.26.

North West (TSE:NWC) last issued its earnings results on Tuesday, December 9th. The company reported C$0.82 EPS for the quarter. North West had a net margin of 5.51% and a return on equity of 18.44%. The business had revenue of C$634.32 million for the quarter. Equities analysts predict that The North West Company Inc. will post 3.4924863 EPS for the current year.

About North West

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.