George Weston (TSE:WN) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

George Weston Limited (TSE:WN - Get Free Report) crossed 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.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. TD Securities increased 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 research report on Friday, May 2nd. CIBC increased their target price 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 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. Desjardins raised their price objective on George Weston from C$251.00 to C$300.00 in a research note on Friday, May 9th. Finally, Scotiabank boosted their target price on George Weston from C$241.00 to C$285.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. 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, George Weston has an average rating of "Moderate Buy" and an average target price of C$282.42.

George Weston Stock 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 stock has a market capitalization of C$34.80 billion, a P/E ratio of 53.66, a PEG ratio of 5.03 and a beta of 0.42. The business has a 50-day moving average price of C$268.76 and a 200 day moving average price of C$245.37.

Insider Activity at George Weston

In other George Weston news, Senior Officer Andrew Michael Bunston sold 2,151 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$277.71, for a total transaction of C$597,360.23. Also, Senior Officer Richard Dufresne sold 20,000 shares of George Weston stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of C$267.91, for a total transaction of C$5,358,136.00. In the last quarter, insiders sold 47,480 shares of company stock worth $12,706,095. 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%.