George Weston (OTCMKTS:WNGRF) Shares Gap Down - Time to Sell?

Key Points

• George Weston Ltd.'s shares gapped down from a previous close of $63.06 to open at $61.50, with a trading volume of 208 shares.
• Despite the decline, analysts have mixed ratings on the stock, with one Strong Buy, one Buy, and two Hold ratings, leading to an average rating of "Moderate Buy."
• In its latest earnings report, George Weston missed analysts' estimates, reporting $2.21 earnings per share against a consensus of $2.48, and revenue of $10.89 billion compared to the expected $14.80 billion.

George Weston Ltd. (OTCMKTS:WNGRF - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $63.06, but opened at $61.50. George Weston shares last traded at $61.50, with a volume of 208 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WNGRF shares. Scotiabank reaffirmed a "sector perform" rating on shares of George Weston in a research note on Thursday, August 21st. BMO Capital Markets reaffirmed a "market perform" rating on shares of George Weston in a research note on Wednesday, July 30th. Finally, TD Securities reaffirmed a "buy" rating on shares of George Weston in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

George Weston Stock Up 1.9%

The business's 50 day moving average is $133.66 and its 200-day moving average is $166.76. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 33.73 and a beta of 0.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.77 and a current ratio of 1.37.

George Weston (OTCMKTS:WNGRF - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.48 by ($0.27). George Weston had a net margin of 1.67% and a return on equity of 12.84%. The company had revenue of $10.89 billion during the quarter, compared to analyst estimates of $14.80 billion.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.