North West (TSE:NWC) Stock Price Crosses Above 200 Day Moving Average of $39.41

The North West Company Inc. (TSE:NWC)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$39.41 and traded as high as C$42.19. North West shares last traded at C$41.80, with a volume of 50,922 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NWC shares. Royal Bank of Canada increased their price objective on North West from C$38.00 to C$40.00 in a report on Thursday, April 11th. CIBC increased their price objective on North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. Jefferies Financial Group raised their target price on North West from C$41.00 to C$43.00 and gave the company a “neutral” rating in a report on Friday, April 12th. BMO Capital Markets raised their target price on North West from C$41.00 to C$44.00 in a report on Thursday, June 6th. Finally, TD Securities raised their target price on North West from C$45.00 to C$47.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$43.60.

North West Trading Down 0.9 %

The firm has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.11 and a beta of 0.62. The business has a 50-day moving average of C$39.64 and a two-hundred day moving average of C$39.41. The company has a quick ratio of 0.64, a current ratio of 2.01 and a debt-to-equity ratio of 57.45.

North West (TSE:NWC) last released its earnings results on Wednesday, April 10th. The company reported C$0.71 earnings per share for the quarter. North West had a return on equity of 19.84% and a net margin of 5.23%. The business had revenue of C$643.11 million for the quarter. Research analysts predict that The North West Company Inc. will post 3.3474801 EPS for the current fiscal year.

North West Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, June 28th. North West’s payout ratio is 58.43%.

Insider Buying and Selling at North West

In other North West news, Director George Mcconnell Daniel sold 5,665 shares of North West stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$42.54, for a total transaction of C$240,989.10. In other North West news, Director George Mcconnell Daniel sold 5,665 shares of North West stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$42.54, for a total transaction of C$240,989.10. Also, Senior Officer Walter Pickett sold 767 shares of North West stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$42.64, for a total value of C$32,704.88. Over the last ninety days, insiders have sold 12,662 shares of company stock valued at $536,113. 0.10% of the stock is currently owned by corporate insiders.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.