George Weston (TSE:WN) Sets New 12-Month High - Here's Why

Shares of George Weston Limited (TSE:WN - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$259.76 and last traded at C$257.80, with a volume of 71412 shares traded. The stock had previously closed at C$257.27.

Analyst Ratings Changes

A number of research firms have recently issued reports on WN. Royal Bank of Canada boosted their price target on shares of George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Scotiabank cut George Weston from an "outperform" rating to a "sector perform" rating and upped their price target for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Desjardins lowered their price target on George Weston from C$255.00 to C$251.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, CIBC cut their price objective on George Weston from C$269.00 to C$268.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$254.75.

George Weston Price Performance

The stock has a market capitalization of C$33.77 billion, a price-to-earnings ratio of 52.08, 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. The stock has a fifty day moving average of C$239.62 and a 200-day moving average of C$229.86.

Insider Transactions at George Weston

In other George Weston news, Director Willard Galen Garfield Weston sold 7,248 shares of the 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 transaction of C$1,715,131.20. Also, Senior Officer Rashid Wasti sold 1,500 shares of George Weston stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$235.60, for a total value of C$353,400.00. Over the last 90 days, insiders have bought 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. Insiders own 59.41% of the company's stock.

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%.