North West (TSE:NWC) Stock Price Down 1.7% – Here’s Why

The North West Company Inc. (TSE:NWC)’s share price dropped 1.7% during trading on Friday . The stock traded as low as C$47.96 and last traded at C$48.01. Approximately 162,807 shares were traded during mid-day trading, an increase of 121% from the average daily volume of 73,701 shares. The stock had previously closed at C$48.84.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NWC shares. TD Securities raised their price objective on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. Royal Bank of Canada increased their price target on North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. Finally, BMO Capital Markets increased their target price on North West from C$44.00 to C$56.00 in a research report on Friday, September 6th.

North West Trading Down 1.7 %

The stock has a market cap of C$2.29 billion, a P/E ratio of 17.52, a PEG ratio of 1.11 and a beta of 0.64. 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 firm’s fifty day moving average price is C$52.48 and its two-hundred day moving average price is C$47.12.

Insider Transactions at North West

In related news, Director George Mcconnell Daniel sold 4,781 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total transaction of C$252,436.80. Also, Senior Officer Michael Beaulieu sold 3,522 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$50.78, for a total transaction of C$178,847.16. Over the last 90 days, insiders sold 26,365 shares of company stock valued at $1,376,625. 0.12% of the stock is 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.