Shares of George Weston Limited (TSE:WN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$245.37 and traded as high as C$271.10. George Weston shares last traded at C$270.73, with a volume of 122,854 shares trading hands.
Analyst Ratings Changes
A number of research firms have commented on WN. TD Securities increased their price objective 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. Royal Bank Of Canada increased their price objective on shares of George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. CIBC raised their price target on shares of George Weston from C$268.00 to C$296.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Desjardins raised their price target on shares of George Weston from C$251.00 to C$300.00 in a report on Friday, May 9th. Finally, Scotiabank raised their price target on shares of George Weston from C$241.00 to C$285.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$282.42.
Check Out Our Latest Research Report on George Weston
George Weston Price Performance
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 company has a market cap of C$34.49 billion, a PE ratio of 53.18, a PEG ratio of 5.03 and a beta of 0.42. The company's 50-day simple moving average is C$268.77 and its 200 day simple moving average is C$246.04.
Insider Activity at George Weston
In other news, Senior Officer Richard Dufresne sold 20,000 shares of George Weston stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of C$267.91, for a total transaction of C$5,358,136.00. Also, Senior Officer Andrew Michael Bunston sold 2,151 shares of George Weston stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$277.71, for a total transaction of C$597,360.23. Insiders sold a total of 47,480 shares of company stock valued at $12,706,095 in the last three months. 59.41% of the stock is currently owned by corporate insiders.
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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