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North West (TSE:NWC) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

North West logo with Consumer Defensive background

Shares of The North West Company Inc. (TSE:NWC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.61 and traded as high as C$53.45. North West shares last traded at C$53.43, with a volume of 102,411 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of North West from C$40.00 to C$47.00 in a report on Friday, September 6th. TD Securities boosted their price target on shares of North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. Finally, BMO Capital Markets boosted their price target on shares of North West from C$44.00 to C$56.00 in a research note on Friday, September 6th.

View Our Latest Research Report on North West

North West Price Performance

The stock's 50-day moving average is C$52.15 and its 200 day moving average is C$45.71. The company has a debt-to-equity ratio of 60.00, a current ratio of 2.22 and a quick ratio of 0.64. The company has a market cap of C$2.53 billion, a PE ratio of 19.50, a PEG ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.71 by C$0.02. The business had revenue of C$646.49 million during the quarter. North West had a net margin of 5.25% and a return on equity of 19.76%. On average, equities analysts anticipate that The North West Company Inc. will post 3.4924863 earnings per share for the current fiscal year.

North West Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from North West's previous quarterly dividend of $0.39. North West's dividend payout ratio (DPR) is 58.39%.

Insider Buying and Selling

In other news, Senior Officer Michael Beaulieu sold 3,522 shares of North West stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$50.78, for a total value of C$178,847.16. Also, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of North West stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$52.67, for a total transaction of C$100,020.33. Insiders sold a total of 29,365 shares of company stock valued at $1,531,575 over the last 90 days. Insiders own 0.12% of the company's stock.

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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