George Weston (TSE:WN) Sets New 1-Year Low - Time to Sell?

Key Points

• George Weston Limited's shares hit a new 52-week low of C$83.03, with a slight recovery to C$83.86, indicating potential concerns among investors.
• Despite the recent drop, several analysts have upgraded their price targets, suggesting a consensus rating of "Moderate Buy" with a target price averaging C$101.00.
• The company operates primarily through its subsidiaries, Loblaw and Choice Properties, holding significant stakes, which contribute to its C$32.28 billion market capitalization.

Shares of George Weston Limited (TSE:WN - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as C$83.03 and last traded at C$83.86, with a volume of 102157 shares trading hands. The stock had previously closed at C$83.66.

Wall Street Analyst Weigh In

WN has been the topic of several analyst reports. TD Securities lifted their price target on George Weston from C$102.67 to C$104.33 and gave the stock a "buy" rating in a report on Monday, July 28th. Desjardins lifted their price target on George Weston from C$100.00 to C$101.67 and gave the stock a "buy" rating in a report on Wednesday, July 30th. BMO Capital Markets raised their price objective on George Weston from C$90.33 to C$94.67 in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on George Weston from C$105.33 to C$107.67 in a research report on Wednesday, July 30th. Finally, Scotiabank raised their price objective on George Weston from C$95.00 to C$99.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$101.00.

George Weston Stock Performance

The company has a market capitalization of C$32.28 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 5.03 and a beta of 0.47. 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 has a 50-day simple moving average of C$87.07 and a two-hundred day simple moving average of C$87.20.

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%.

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