The stock of North West Company Inc (TSE:NWC) hit a new 52-week low and has $24.35 target or 6.00% below today’s $25.90 share price. The 9 months bearish chart indicates high risk for the $1.25B company. The 1-year low was reported on Sep, 13 by Barchart.com. If the $24.35 price target is reached, the company will be worth $75.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 167,438 shares traded hands or 61.49% up from the average. North West Company Inc (TSE:NWC) has declined 11.29% since February 5, 2016 and is downtrending. It has underperformed by 27.78% the S&P500.
Out of 3 analysts covering North West Company (TSE:NWC), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $33 is the highest target while $27 is the lowest. The $29.20 average target is 12.74% above today’s ($25.9) stock price. North West Company has been the topic of 12 analyst reports since November 4, 2015 according to StockzIntelligence Inc.
The North West Company Inc. is a retailer of food and everyday services and products to rural communities and urban neighborhoods in Canada, Alaska, the South Pacific and the Caribbean. The company has a market cap of $1.25 billion. The Company’s divisions are Canadian Operations and International Operations. It has a 18.08 P/E ratio. The Company’s Canadian Operations consist of approximately 120 Northern stores, over five NorthMart stores, approximately 10 Quickstop convenience stores, over 34 Giant Tiger junior discount stores, a Valu Lots discount center, a Solo Market store, a Price Chopper store, Crescent Multi Foods (CMF) and approximately two North West Company Fur Marketing outlets.
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