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

The North West Company Inc. (TSE:NWCGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$48.79 and traded as high as C$55.54. North West shares last traded at C$54.73, with a volume of 201,747 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NWC. Royal Bank Of Canada dropped their price objective on 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 lowered their target price on North West from C$57.00 to C$56.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$58.75.

View Our Latest Stock Analysis on North West

North West Stock Up 0.1%

The stock has a market cap of C$2.61 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.11 and a beta of -0.17. The stock has a 50 day simple moving average of C$49.94 and a 200 day simple moving average of C$48.79. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78.

North West (TSE:NWCGet Free Report) last issued its earnings results on Tuesday, December 9th. The company reported C$0.82 earnings per share 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, analysts expect that The North West Company Inc. will post 3.4924863 earnings per share for the current fiscal year.

About North West

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for North West Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North West and related companies with MarketBeat.com's FREE daily email newsletter.