North West (TSE:NWC) Trading Down 1.7% – Should You Sell?

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

Analysts Set New Price Targets

NWC has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on North West from C$44.00 to C$56.00 in a research note on Friday, September 6th. TD Securities increased their price target on shares of North West from C$52.00 to C$59.00 in a research report on Friday, September 6th. Finally, 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.

North West Trading Down 1.7 %

The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00. The company has a fifty day moving average of C$52.42 and a two-hundred day moving average of C$47.26.

Insider Buying and Selling

In related news, Senior Officer Leanne Flewitt sold 9,975 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$52.09, for a total transaction of C$519,597.75. Also, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$52.67, for a total transaction of C$100,020.33. In the last three months, insiders sold 26,365 shares of company stock valued at $1,376,625. Company insiders own 0.12% of the company’s stock.

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.