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

George Weston Limited (TSE:WN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$234.86 and traded as high as C$268.25. George Weston shares last traded at C$267.37, with a volume of 169,028 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on WN. TD Securities boosted their price objective on shares of George Weston from C$256.00 to C$308.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. CIBC upped their price target on George Weston from C$268.00 to C$296.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank of Canada increased their price target on George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Scotiabank lifted their price objective on George Weston from C$241.00 to C$285.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Desjardins increased their target price on shares of George Weston from C$251.00 to C$300.00 in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy 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$282.42.

George Weston Stock Performance

The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The stock has a fifty day simple moving average of C$253.55 and a two-hundred day simple moving average of C$235.73. The firm has a market capitalization of C$35.01 billion, a P/E ratio of 53.98, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Activity at George Weston

In other news, Director Willard Galen Garfield Weston sold 57,463 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$231.03, for a total value of C$13,275,441.29. Also, Senior Officer Richard Dufresne sold 20,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of C$267.91, for a total transaction of C$5,358,136.00. In the last quarter, insiders have purchased 4,000 shares of company stock worth $90,780 and have sold 117,461 shares worth $28,579,564. 59.41% of the stock is owned by corporate 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%.