North West (TSE:NWC) Share Price Crosses Above 200 Day Moving Average of $26.10

North West Company Inc (TSE:NWC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.10 and traded as high as $30.30. North West shares last traded at $29.85, with a volume of 103,195 shares changing hands.

A number of research analysts have recently weighed in on NWC shares. TD Securities raised their price objective on North West from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. CIBC raised their price target on North West from C$27.00 to C$30.00 in a report on Thursday, June 11th. BMO Capital Markets upped their price objective on North West from C$28.00 to C$30.00 in a report on Thursday, June 11th. Finally, Royal Bank of Canada raised their target price on shares of North West from C$27.00 to C$30.00 and gave the company a “sector perform” rating in a report on Thursday, June 11th.

The firm’s 50-day moving average price is C$26.92 and its 200-day moving average price is C$26.10. The company has a current ratio of 1.87, a quick ratio of 0.60 and a debt-to-equity ratio of 121.74. The stock has a market capitalization of $1.47 billion and a PE ratio of 21.31.

About North West (TSE:NWC)

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 Canada, Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 117 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 44 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 22 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 1 Solo Market store for rural market; 1 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; and 1 North West Company Fur Marketing outlet that offers wild furs, handicrafts, and authentic Canadian heritage products.

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