Shares of George Weston Limited (TSE:WN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$242.53 and traded as high as C$277.43. George Weston shares last traded at C$275.36, with a volume of 96,352 shares.
Analyst Ratings Changes
Several research analysts have weighed in on WN shares. TD Securities lifted their target price on George Weston from C$256.00 to C$308.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Royal Bank Of Canada lifted their target price on George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. Scotiabank lifted their target price on George Weston from C$241.00 to C$285.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Desjardins lifted their target price on George Weston from C$251.00 to C$300.00 in a report on Friday, May 9th. Finally, CIBC lifted their target price on George Weston from C$268.00 to C$296.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$282.42.
Read Our Latest Research Report on WN
George Weston Price Performance
The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The company has a 50 day simple moving average of C$267.26 and a 200-day simple moving average of C$243.26. The stock has a market cap of C$35.14 billion, a price-to-earnings ratio of 54.18, a P/E/G ratio of 5.03 and a beta of 0.42.
Insider Activity 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. Over the last quarter, insiders have sold 47,480 shares of company stock valued at $12,706,095. 59.41% of the stock is owned by insiders.
About George Weston
(
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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%.
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