North West (TSE:NWC) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• North West Company Inc. shares have fallen below their 200-day moving average, currently trading at C$46.29, indicating potential challenges in stock performance.
• Despite recent stock price declines, analysts maintain an overall positive outlook, with a consensus rating of "Buy" and a target price of C$60.25.
• The company recently cut its dividend to $0.41 per share, reflecting a 56.34% payout ratio amidst financial adjustments.

The North West Company Inc. (TSE:NWC - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$50.61 and traded as low as C$46.22. North West shares last traded at C$46.29, with a volume of 74,702 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NWC shares. CIBC decreased their price target 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, September 10th. Royal Bank Of Canada set a C$60.00 price target on North West and gave the stock an "outperform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$60.25.

North West Stock Down 0.6%

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 firm has a fifty day simple moving average of C$48.62 and a 200-day simple moving average of C$50.61. The company has a market capitalization of C$2.21 billion, a PE ratio of 16.30, a P/E/G ratio of 1.11 and a beta of 0.07.

North West Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, September 29th. North West's dividend payout ratio is presently 56.34%.

About North West

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.

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