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

Shares of The North West Company Inc. (TSE:NWC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$48.21 and traded as high as C$49.80. North West shares last traded at C$49.36, with a volume of 53,443 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NWC shares. Royal Bank of Canada upped their target price on North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. TD Securities raised their price objective on shares of North West from C$52.00 to C$59.00 in a report on Friday, September 6th. Finally, BMO Capital Markets upgraded shares of North West from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$56.00 to C$58.00 in a research report on Thursday, December 19th.

North West Stock Performance

The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. The stock has a fifty day simple moving average of C$51.58 and a 200-day simple moving average of C$48.21. The company has a market capitalization of C$2.36 billion, a P/E ratio of 18.01, a PEG ratio of 1.11 and a beta of 0.64.

Insiders Place Their Bets

In other North West news, Senior Officer Jim Caldwell sold 1,126 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$48.89, for a total value of C$55,050.14. Following the transaction, the insider now owns 916 shares of the company’s stock, valued at approximately C$44,783.24. The trade was a 55.14 % decrease in their ownership of the stock. Also, Director George Mcconnell Daniel sold 4,781 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total value of C$252,436.80. Over the last ninety days, insiders have sold 22,704 shares of company stock valued at $1,186,696. 0.12% of the stock is currently owned by 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.