North West (TSE:NWC) Stock Crosses Above 200-Day Moving Average – Here’s Why

The North West Company Inc. (TSE:NWC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$49.72 and traded as high as C$53.62. North West shares last traded at C$53.11, with a volume of 471,356 shares changing hands.

Analyst Ratings Changes

NWC has been the subject of several research analyst reports. Royal Bank Of Canada dropped 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 note on Thursday, December 4th. BMO Capital Markets lowered 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 stock has an average rating of “Buy” and a consensus target price of C$58.75.

North West Trading Down 0.1%

The stock has a fifty day simple moving average of C$52.93 and a 200 day simple moving average of C$49.72. The firm has a market capitalization of C$2.54 billion, a P/E ratio of 18.06, a PEG ratio of 1.11 and a beta of 0.06. The company has a quick ratio of 0.64, a current ratio of 2.26 and a debt-to-equity ratio of 60.08.

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.