George Weston (TSE:WN) Director Sells C$2,065,776.03 in Stock

Key Points

• Director Willard Galen Garfield Weston sold 21,729 shares at an average price of C$95.07, generating C$2,065,776.03 and reducing his ownership by 20.25% to 85,584 shares valued at C$8,136,470.88.
• WN shares traded near C$97.44 (1‑year range C$78.11–C$104.50) with a market cap of ~C$36.96 billion and a P/E of 34.8; analysts have raised targets and the consensus is a "Moderate Buy" with an average price target of C$109.17.

George Weston Limited (TSE:WN - Get Free Report) Director Willard Galen Garfield Weston sold 21,729 shares of George Weston stock in a transaction on Monday, March 9th. The stock was sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the completion of the transaction, the director directly owned 85,584 shares in the company, valued at C$8,136,470.88. This represents a 20.25% decrease in their ownership of the stock.

George Weston Stock Performance

Shares of WN stock traded up C$1.07 during mid-day trading on Friday, reaching C$97.44. The stock had a trading volume of 320,800 shares, compared to its average volume of 354,741. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 370.81. George Weston Limited has a 1-year low of C$78.11 and a 1-year high of C$104.50. The firm has a market cap of C$36.96 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 5.03 and a beta of 0.51. The business's fifty day moving average is C$98.45 and its 200-day moving average is C$93.29.

George Weston (TSE:WN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$1.21 EPS for the quarter. The business had revenue of C$15.86 billion during the quarter. George Weston had a return on equity of 21.94% and a net margin of 1.90%. On average, research analysts forecast that George Weston Limited will post 13.0245758 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. TD Securities raised their price target on George Weston from C$108.00 to C$121.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Royal Bank Of Canada raised their target price on George Weston from C$109.00 to C$115.00 and gave the company an "outperform" rating in a report on Friday, January 23rd. Finally, Desjardins lifted their target price on George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$109.17.

George Weston Company Profile

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston's ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.

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