The stock of North West Company Inc (TSE:NWC) hit a new 52-week low and has $22.03 target or 9.00% below today’s $24.21 share price. The 8 months bearish chart indicates high risk for the $1.16B company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $22.03 price target is reached, the company will be worth $104.40 million 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 47,516 shares traded hands. North West Company Inc (TSE:NWC) has declined 14.41% since April 8, 2016 and is downtrending. It has underperformed by 19.39% the S&P500.
North West Company Inc (TSE:NWC) Ratings Coverage
Out of 4 analysts covering North West Company (TSE:NWC), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. North West Company has been the topic of 15 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by TD Securities on Friday, September 2. Dundee Securities maintained it with “Neutral” rating and $28 target price in Thursday, September 22 report. The firm has “Hold” rating by TD Securities given on Wednesday, November 4.
More recent North West Company Inc (TSE:NWC) news were published by: Marketwired.com which released: “The North West Company Inc. Announces Second Quarter Earnings and a Quarterly …” on September 08, 2016. Also Fool.ca published the news titled: “North West Company Inc.: Dividend King of the North” on November 07, 2016. Fool.ca‘s news article titled: “3 Reasons to Own North West Company Inc .” with publication date: May 13, 2016 was also an interesting one.
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 $1.16 billion. The Company’s divisions are Canadian Operations and International Operations. It has a 16.87 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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