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
Before you consider George Weston, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and George Weston wasn't on the list.
While George Weston currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
