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

Key Points

• North West Company's stock has recently crossed above its two hundred day moving average, reaching a high of C$51.54.
• Analysts have set an average target price of C$60.25 for the stock, with ratings varying from "Strong Buy" to "Outperform."
• The company has increased its quarterly dividend from $0.40 to $0.53, representing an annualized yield of 4.4%.

The North West Company Inc. (TSE:NWC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$50.70 and traded as high as C$51.54. North West shares last traded at C$51.20, with a volume of 164,909 shares trading hands.

Analyst Ratings Changes

NWC has been the subject of several recent analyst reports. Royal Bank Of Canada set a C$60.00 price objective on shares of North West and gave the stock an "outperform" rating in a research report on Monday, July 28th. CIBC reduced their target price on North West from C$59.00 to C$58.00 and set an "outperform" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$60.25.

North West Stock Up 1.8%

The firm has a market capitalization of C$2.30 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.11 and a beta of 0.20. The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16. The stock has a fifty day moving average price of C$48.86 and a two-hundred day moving average price of C$50.67.

North West Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.53 dividend. This is a positive change from North West's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 27th. This represents a $2.12 dividend on an annualized basis and a yield of 4.4%. North West's dividend payout ratio is currently 56.34%.

Insider Buying and Selling

In other news, Senior Officer Vineet Gupta bought 2,200 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average price of C$49.95 per share, with a total value of C$109,890.00. 0.12% of the stock is currently owned by insiders.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company's revenue.