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George Weston (OTCMKTS:WNGRF) Shares Pass Above Fifty Day Moving Average - Should You Sell?

George Weston logo with Consumer Staples background

George Weston Ltd. (OTCMKTS:WNGRF - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $189.10 and traded as high as $199.01. George Weston shares last traded at $199.01, with a volume of 3,762 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WNGRF. BMO Capital Markets reiterated a "market perform" rating on shares of George Weston in a research note on Wednesday, May 7th. Scotiabank restated a "sector perform" rating on shares of George Weston in a report on Wednesday, May 7th.

Check Out Our Latest Stock Analysis on WNGRF

George Weston Stock Performance

The firm has a fifty day simple moving average of $190.85 and a 200-day simple moving average of $170.29. The company has a quick ratio of 0.77, a current ratio of 1.37 and a debt-to-equity ratio of 1.16. The company has a market cap of $25.22 billion, a PE ratio of 31.19 and a beta of 0.56.

George Weston (OTCMKTS:WNGRF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.90 by ($0.10). The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $14.74 billion. George Weston had a net margin of 1.92% and a return on equity of 12.68%.

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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