George Weston (TSE:WN) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Technical breakout: George Weston's shares crossed above their 200‑day moving average (200‑day = C$95.42), trading as high as C$98.75 and last at C$97.65 on volume of 185,837.
• Analyst bullishness: RBC and TD raised price targets to C$115 and C$121 respectively, and the consensus rating is a “Moderate Buy” with an average target of C$109.17.
• Insider selling and valuation risks: Significant insider sales on March 9 reduced director holdings, while the company has a C$36.86B market cap, a high P/E of ~34.9 and a debt‑to‑equity ratio of 370.81, suggesting leverage and a rich valuation.

George Weston Limited (TSE:WN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$95.42 and traded as high as C$98.75. George Weston shares last traded at C$97.65, with a volume of 185,837 shares traded.

Wall Street Analyst Weigh In

WN has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price objective on shares of George Weston from C$109.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Friday, January 23rd. TD Securities raised their price objective on shares of George Weston from C$108.00 to C$121.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$109.17.

George Weston Trading Down 0.4%

The stock has a market capitalization of C$36.86 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 5.03 and a beta of 0.51. The company's 50-day moving average is C$97.73 and its 200-day moving average is C$95.42. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 370.81.

George Weston (TSE:WN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$1.21 earnings per share for the quarter. George Weston had a net margin of 1.90% and a return on equity of 21.94%. The business had revenue of C$15.86 billion during the quarter. Research analysts anticipate that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

Insider Transactions at George Weston

In other George Weston news, Director Willard Galen Garfield Weston sold 21,729 shares of George Weston stock in a transaction dated Monday, March 9th. The shares were sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the completion of the sale, the director directly owned 85,584 shares in the company, valued at C$8,136,470.88. This trade represents a 20.25% decrease in their ownership of the stock. Also, insider Richard Dufresne sold 6,825 shares of George Weston stock in a transaction dated Monday, March 9th. The shares were sold at an average price of C$95.07, for a total transaction of C$648,852.75. Following the sale, the insider owned 19,911 shares of the company's stock, valued at approximately C$1,892,938.77. This represents a 25.53% decrease in their ownership of the stock. 59.41% of the stock is owned by company insiders.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.

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