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George Weston (OTCMKTS:WNGRF) Stock Crosses Below 50 Day Moving Average - Time to Sell?

George Weston logo with Consumer Staples background

Key Points

  • George Weston Ltd. stock has crossed below its 50-day moving average of $82.97, reaching a low of $61.76 during trading.
  • Analyst ratings for the stock include one Strong Buy, one Buy, and two Hold ratings, resulting in a consensus rating of Moderate Buy.
  • In its latest quarterly report, George Weston missed earnings expectations with reported EPS of $2.21 compared to an estimate of $2.48, and revenue of $10.89 billion versus the expected $14.80 billion.
  • Five stocks we like better than George Weston.

George Weston Ltd. (OTCMKTS:WNGRF - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $82.97 and traded as low as $61.76. George Weston shares last traded at $62.35, with a volume of 9,564 shares traded.

Analyst Ratings Changes

WNGRF has been the subject of several research analyst reports. Scotiabank reaffirmed a "sector perform" rating on shares of George Weston in a research report on Thursday, August 21st. TD Securities reaffirmed a "buy" rating on shares of George Weston in a research report on Monday, July 28th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of George Weston in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, George Weston has a consensus rating of "Moderate Buy".

Get Our Latest Stock Report on WNGRF

George Weston Stock Performance

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 company's 50 day moving average is $82.97 and its 200-day moving average is $153.30. The company has a market capitalization of $23.87 billion, a P/E ratio of 33.89 and a beta of 0.57.

George Weston (OTCMKTS:WNGRF - Get Free Report) last announced 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). The company had revenue of $10.89 billion for the quarter, compared to analysts' expectations 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

(Get Free Report)

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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