NWF Group (LON:NWF) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of NWF Group plc (LON:NWF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 136.02 and traded as high as GBX 151. NWF Group shares last traded at GBX 150.68, with a volume of 55,966 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “hold” rating and issued a GBX 145 price target on shares of NWF Group in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, NWF Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 214.

NWF Group Price Performance

The company’s 50-day simple moving average is GBX 140.83 and its 200 day simple moving average is GBX 136.12. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 73.62. The stock has a market capitalization of £74.89 million, a price-to-earnings ratio of 8.25 and a beta of 0.22.

NWF Group (LON:NWF) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. NWF Group had a return on equity of 10.04% and a net margin of 1.00%. Equities research analysts forecast that NWF Group plc will post 17.4489796 EPS for the current year.

NWF Group Company Profile

NWF Group is a specialist distributor across the UK. Connecting essential suppliers with their customers, making sure what’s vital gets to where it’s needed most.