George Weston Limited (TSE:WN - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$280.06 and last traded at C$278.86, with a volume of 20282 shares changing hands. The stock had previously closed at C$276.30.
Wall Street Analyst Weigh In
WN has been the topic of several recent research reports. CIBC upped their price target on shares of George Weston from C$268.00 to C$296.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Royal Bank of Canada upped their price target on shares of George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. Scotiabank upped their price target on shares of George Weston from C$241.00 to C$285.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. TD Securities upped their price target on shares of George Weston from C$256.00 to C$308.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Desjardins lifted their price objective on shares of George Weston from C$251.00 to C$300.00 in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$282.42.
Read Our Latest Analysis on George Weston
George Weston Stock Performance
The company has a market cap of C$35.81 billion, a PE ratio of 55.21, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The firm's 50 day moving average is C$258.35 and its 200-day moving average is C$237.64.
Insider Activity at George Weston
In other news, Director Willard Galen Garfield Weston sold 57,463 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$231.03, for a total value of C$13,275,441.29. Also, Senior Officer Rashid Wasti sold 250 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$238.75, for a total transaction of C$59,687.50. In the last quarter, insiders sold 114,691 shares of company stock valued at $28,289,680. Corporate insiders own 59.41% of the company's stock.
About George Weston
(
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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%.
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