North West (TSE:NWC) Shares Cross Above 200 Day Moving Average – Time to Sell?

The North West Company Inc. (TSE:NWC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$48.28 and traded as high as C$49.49. North West shares last traded at C$49.45, with a volume of 108,202 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NWC. Royal Bank Of Canada reduced their target price on shares of North West from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. BMO Capital Markets reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$58.75.

North West Trading Up 1.0%

The stock has a market capitalization of C$2.36 billion, a P/E ratio of 16.82, a PEG ratio of 1.11 and a beta of -0.14. The stock’s fifty day moving average price is C$48.94 and its 200 day moving average price is C$48.28. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64.

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