North West (TSE:NWC) Share Price Passes Above 200-Day Moving Average of $39.63

The North West Company Inc. (TSE:NWC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$39.63 and traded as high as C$43.24. North West shares last traded at C$42.52, with a volume of 107,684 shares.

Wall Street Analyst Weigh In

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

North West Stock Up 1.0 %

The stock has a market capitalization of C$2.02 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.11 and a beta of 0.62. The company has a current ratio of 2.01, a quick ratio of 0.64 and a debt-to-equity ratio of 57.45. The stock’s 50-day moving average price is C$40.33 and its two-hundred day moving average price is C$39.63.

North West (TSE:NWC) last released its quarterly earnings data on Wednesday, June 5th. The company reported C$0.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.54 by C($0.01). North West had a net margin of 5.23% and a return on equity of 19.84%. The business had revenue of C$617.52 million during the quarter. As a group, research analysts expect that The North West Company Inc. will post 3.3474801 earnings per share for the current fiscal year.

North West Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.56 dividend on an annualized basis and a yield of 3.67%. North West’s dividend payout ratio is 58.43%.

Insider Buying and Selling at North West

In other North West news, Senior Officer David Michael Chatyrbok sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of C$39.10, for a total value of C$39,098.50. In other North West news, Senior Officer David Michael Chatyrbok sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of C$39.10, for a total value of C$39,098.50. Also, Director George Mcconnell Daniel sold 5,665 shares of North West stock in a transaction 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. Insiders sold a total of 12,662 shares of company stock valued at $536,113 in the last three months. Company insiders own 0.10% of the company’s stock.

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.