George Weston (TSE:WN) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

George Weston Limited (TSE:WN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Desjardins lifted their target price on George Weston from C$251.00 to C$300.00 in a research note on Friday, May 9th. Royal Bank Of Canada lifted their price objective 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. TD Securities lifted their price objective on 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. Finally, CIBC lifted their price objective on 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, George Weston currently has an average rating of "Moderate Buy" and an average target price of C$282.42.

George Weston Trading Up 1.2%

The company has a fifty day simple moving average of C$266.47 and a two-hundred day simple moving average of C$242.53. 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 stock has a market capitalization of C$35.74 billion, a P/E ratio of 55.12, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insiders Place Their Bets

In other news, Senior Officer Andrew Michael Bunston sold 2,151 shares of the business's 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. Also, Senior Officer Richard Dufresne sold 10,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$260.07, for a total value of C$2,600,739.00. Over the last ninety days, insiders have sold 47,480 shares of company stock worth $12,706,095. Corporate insiders own 59.41% of the company's stock.

About George Weston

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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