North West (TSE:NWC) Share Price Passes Above 200-Day Moving Average – What’s Next?

The North West Company Inc. (TSE:NWC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$49.12 and traded as high as C$56.60. North West shares last traded at C$55.96, with a volume of 216,509 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NWC shares. BMO Capital Markets lowered their price objective on shares of North West from C$57.00 to C$56.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Royal Bank Of Canada decreased their price target on shares of North West from C$60.00 to C$58.00 and set an “outperform” rating for the company in a research report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, North West currently has a consensus rating of “Buy” and a consensus target price of C$58.75.

North West Price Performance

The stock’s 50 day moving average is C$50.81 and its two-hundred day moving average is C$49.12. The stock has a market capitalization of C$2.67 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.11 and a beta of -0.17. 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 posted its quarterly earnings results on Tuesday, December 9th. The company reported C$0.82 EPS for the quarter. North West had a net margin of 5.14% and a return on equity of 18.43%. The company had revenue of C$634.32 million during the quarter. As a group, sell-side analysts forecast that The North West Company Inc. will post 3.4924863 earnings per share for the current fiscal 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.