North West (TSE:NWC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

The North West Company Inc. (TSE:NWC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$48.36 and traded as high as C$49.55. North West shares last traded at C$48.70, with a volume of 131,695 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NWC shares. Royal Bank Of Canada dropped 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 report on Thursday, December 4th. BMO Capital Markets dropped their price target on North West from C$57.00 to C$56.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. One investment 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, the stock currently has a consensus rating of “Buy” and a consensus price target of C$58.75.

North West Stock Performance

The firm has a market cap of C$2.32 billion, a P/E ratio of 16.56, a PEG ratio of 1.11 and a beta of -0.14. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. The company’s 50-day moving average is C$49.14 and its two-hundred day moving average is C$48.36.

North West (TSE:NWC) last issued its quarterly earnings data on Tuesday, December 9th. The company reported C$0.82 EPS for the quarter. North West had a return on equity of 18.43% and a net margin of 5.14%.The firm had revenue of C$634.32 million during the quarter. As a group, equities analysts predict that The North West Company Inc. will post 3.4924863 EPS for the current fiscal 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.