George Weston (OTCMKTS:WNGRF) Shares Gap Down - Should You 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) gapped down before the market opened 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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BMO Capital Markets restated a "market perform" rating on shares of George Weston in a report on Wednesday, July 30th. Scotiabank reiterated a "sector perform" rating on shares of George Weston in a report on Thursday, August 21st. Finally, TD Securities reiterated a "buy" rating on shares of George Weston in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

George Weston Trading Down 2.5%

The company has a current ratio of 1.37, a quick ratio of 0.77 and a debt-to-equity ratio of 1.16. The stock has a 50-day simple moving average of $147.14 and a two-hundred day simple moving average of $170.27. The firm has a market capitalization of $23.60 billion, a P/E ratio of 33.43 and a beta of 0.57.

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

George Weston Company Profile

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.

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