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

Key Points

• George Weston Limited reached a new 12-month low trading at C$84.40, closing at C$84.91 after a volume of 137,597 shares traded.
• Multiple analysts have raised their price targets for George Weston, with the average target now at C$101.00, reflecting a consensus rating of "Moderate Buy."
• The company operates primarily through its subsidiaries, with a 53% controlling stake in Loblaw, Canada’s largest grocer, and approximately 62% ownership in Choice Properties, a real estate investment trust.

George Weston Limited (TSE:WN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$84.40 and last traded at C$84.91, with a volume of 137597 shares trading hands. The stock had previously closed at C$86.43.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WN shares. BMO Capital Markets upped their target price on shares of George Weston from C$90.33 to C$94.67 in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on George Weston from C$105.33 to C$107.67 in a research note on Wednesday, July 30th. Desjardins upped their price target on George Weston from C$100.00 to C$101.67 and gave the company a "buy" rating in a research note on Wednesday, July 30th. TD Securities upped their price target on George Weston from C$102.67 to C$104.33 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, Scotiabank upped their price target on George Weston from C$95.00 to C$99.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$101.00.

George Weston Stock Up 1.1%

The company has a market capitalization of C$32.85 billion, a P/E ratio of 33.33, a PEG ratio of 5.03 and a beta of 0.56. The firm's 50 day moving average price is C$87.88 and its two-hundred day moving average price is C$86.57. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

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%.