George Weston (TSE:WN) Hits New 52-Week High - Here's Why

George Weston Limited (TSE:WN - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$275.34 and last traded at C$275.34, with a volume of 6717 shares trading hands. The stock had previously closed at C$270.66.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Securities upped their price target on George Weston from C$256.00 to C$308.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Scotiabank upped their target price on George Weston from C$241.00 to C$285.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. CIBC upped their target price on George Weston from C$268.00 to C$296.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Desjardins lifted their target price on shares of George Weston from C$251.00 to C$300.00 in a research note on Friday, May 9th. Finally, Royal Bank of Canada lifted their target price on shares of George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$282.42.

George Weston Stock Up 0.0%

The business has a fifty day moving average of C$255.97 and a 200 day moving average of C$236.56. The firm has a market cap of C$35.91 billion, a P/E ratio of 55.37, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50.

Insider Buying and Selling

In other news, Senior Officer Rashid Wasti sold 250 shares of George Weston stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$238.75, for a total transaction of C$59,687.50. Also, Director Willard Galen Garfield Weston sold 7,248 shares of George Weston stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$236.64, for a total value of C$1,715,131.20. Over the last three months, insiders bought 4,000 shares of company stock worth $90,780 and sold 107,461 shares worth $26,271,533. 59.41% of the stock is owned by corporate insiders.

About George Weston

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%.