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George Weston (TSE:WN) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

George Weston logo with Consumer Defensive background

George Weston Limited (TSE:WN - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$246.99 and traded as high as C$267.90. George Weston shares last traded at C$262.89, with a volume of 139,650 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WN shares. Desjardins boosted their price target on shares of George Weston from C$251.00 to C$300.00 in a research report on Friday, May 9th. CIBC increased their target price on shares of George Weston from C$268.00 to C$296.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. TD Securities increased their price target on shares of George Weston from C$256.00 to C$308.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Scotiabank increased 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 research report on Wednesday, May 7th. Finally, Royal Bank Of Canada increased their price target on shares of George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, George Weston currently has a consensus rating of "Moderate Buy" and an average price target of C$282.42.

View Our Latest Research Report on George Weston

George Weston Trading Up 0.5%

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 business has a fifty day simple moving average of C$268.59 and a 200 day simple moving average of C$247.44. The company has a market cap of C$34.31 billion, a price-to-earnings ratio of 52.90, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Transactions at George Weston

In related news, Senior Officer Richard Dufresne sold 5,329 shares of George Weston stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$277.47, for a total transaction of C$1,478,612.05. Also, Senior Officer Andrew Michael Bunston sold 2,151 shares of George Weston stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$277.71, for a total value of C$597,360.23. In the last quarter, insiders have sold 47,480 shares of company stock valued at $12,706,095. 59.41% of the stock is currently owned by company insiders.

About George Weston

(Get Free Report)

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%.

Further Reading

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