George Weston (TSE:WN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• George Weston Limited's stock price recently surpassed its **200-day moving average** of C$85.65, reaching a high of C$89.03 during trading.
• Several analysts have raised their **target prices** for George Weston shares, with a consensus rating of **"Moderate Buy"** and an average target of C$101.00.
• The company, which holds a **53% controlling stake** in Loblaw and nearly 62% in Choice Properties, has a market capitalization of **C$33.97 billion**.

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$85.65 and traded as high as C$89.03. George Weston shares last traded at C$88.24, with a volume of 360,903 shares.

Analyst Upgrades and Downgrades

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

George Weston Stock Performance

The business has a fifty day simple moving average of C$88.60 and a two-hundred day simple moving average of C$86.12. 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 company has a market cap of C$34.04 billion, a P/E ratio of 34.54, a P/E/G ratio of 5.03 and a beta of 0.56.

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%.