North West (TSE:NWC) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• North West Company Inc. shares fell below their 200-day moving average, closing at C$48.57, compared to the average of C$50.72.
• Analysts have set a consensus target price of C$60.25 for North West, with several firms rating it as "Buy" or "Outperform."
• The company announced a quarterly dividend of $0.41 per share, with a dividend yield of 3.4%.

The North West Company Inc. (TSE:NWC - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$50.72 and traded as low as C$47.83. North West shares last traded at C$48.57, with a volume of 306,150 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. CIBC cut their price objective 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 target price on North West and gave the company an "outperform" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, North West presently has a consensus rating of "Buy" and a consensus target price of C$60.25.

North West Price Performance

The stock has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.11 and a beta of 0.20. 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 business has a 50-day simple moving average of C$48.88 and a two-hundred day simple moving average of C$50.71.

North West Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is 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.