North West (TSE:NWC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

The North West Company Inc. (TSE:NWC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$47.83 and traded as high as C$49.64. North West shares last traded at C$49.50, with a volume of 33,892 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on NWC shares. BMO Capital Markets upgraded North West from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$56.00 to C$58.00 in a report on Thursday, December 19th. Royal Bank of Canada raised their price target on shares of North West from C$40.00 to C$47.00 in a report on Friday, September 6th. Finally, TD Securities raised their target price on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th.

North West Stock Performance

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 stock has a market capitalization of C$2.36 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a 50 day simple moving average of C$51.93 and a 200-day simple moving average of C$47.83.

Insider Transactions at North West

In other North West news, Senior Officer Matthew Johnson sold 1,179 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$52.37, for a total value of C$61,744.23. Also, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of North West stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total value of C$100,020.33. Over the last ninety days, insiders have sold 23,883 shares of company stock valued at $1,248,440. 0.12% of the stock is currently owned by corporate insiders.

North West Company Profile

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.