The North West Company Inc. (TSE:NWC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$47.83 and traded as high as C$49.64. North West shares last traded at C$49.50, with a volume of 33,892 shares traded.
Wall Street Analyst Weigh In
A number of research analysts have commented on NWC shares. Royal Bank of Canada lifted their price objective on shares of North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. BMO Capital Markets upgraded North West from a "market perform" rating to an "outperform" rating and boosted their price target for the company from C$56.00 to C$58.00 in a research report on Thursday, December 19th. Finally, TD Securities upped their price objective on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th.
Read Our Latest Stock Analysis on NWC
North West Price Performance
The company has a market cap of C$2.37 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.11 and a beta of 0.64. The company's 50 day moving average price is C$51.88 and its 200 day moving average price is C$47.91. The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00.
Insider Activity at North West
In other news, Senior Officer John King sold 4,554 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of C$52.80, for a total value of C$240,451.20. Also, Senior Officer Jim Caldwell sold 1,126 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$48.89, for a total transaction of C$55,050.14. Following the completion of the sale, the insider now owns 916 shares of the company's stock, valued at C$44,783.24. This trade represents a 55.14 % decrease in their position. Insiders sold a total of 23,883 shares of company stock worth $1,248,440 over the last 90 days. Company insiders own 0.12% of the company's stock.
North West Company Profile
(
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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.
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