North West (TSE:NWC) Stock Price Passes Above 200 Day Moving Average - What's Next?

Shares of The North West Company Inc. (TSE:NWC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$50.41 and traded as high as C$50.68. North West shares last traded at C$49.95, with a volume of 170,028 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NWC shares. BMO Capital Markets raised their price objective on shares of North West from C$58.00 to C$60.00 in a research note on Thursday, April 10th. Cibc World Mkts upgraded shares of North West to a "strong-buy" rating in a report on Wednesday, February 19th. CIBC increased their target price on North West from C$59.00 to C$60.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. Finally, TD Securities boosted their price target on North West from C$59.00 to C$63.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th.

North West Stock Performance

The business's 50 day moving average is C$54.71 and its two-hundred day moving average is C$50.41. The company has a market cap of C$2.40 billion, a PE ratio of 18.37, a PEG ratio of 1.11 and a beta of 0.64. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78.

North West Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, June 27th. This is an increase from North West's previous quarterly dividend of $0.40. North West's payout ratio is presently 58.83%.

Insider Buying and Selling

In other news, Director George Mcconnell Daniel sold 10,943 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of C$54.95, for a total transaction of C$601,317.85. Also, Senior Officer Jim Caldwell sold 1,500 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of C$51.87, for a total transaction of C$77,805.00. Following the completion of the transaction, the insider now owns 916 shares of the company's stock, valued at approximately C$47,512.92. This represents a 62.09% decrease in their ownership of the stock. In the last quarter, insiders have sold 21,928 shares of company stock worth $1,191,408. 0.12% of the stock is owned by company insiders.

About North West

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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