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North West (TSE:NWC) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

North West logo with Consumer Defensive background
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The North West Company Inc. (TSE:NWC - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.52 and traded as high as C$52.26. North West shares last traded at C$52.08, with a volume of 144,657 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of North West from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from C$56.00 to C$58.00 in a report on Thursday, December 19th. CIBC set a C$59.00 price target on shares of North West and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Cibc World Mkts upgraded North West to a "strong-buy" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$53.20.

Check Out Our Latest Analysis on North West

North West Stock Down 0.8 %

The stock has a market cap of C$2.40 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78. The firm has a fifty day moving average of C$47.38 and a 200 day moving average of C$49.50.

About North West

(Get Free Report)

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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