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

Key Points

• George Weston Limited's stock recently crossed above its 200-day moving average at C$251.73, with a current trading price of C$265.00.
• Several analysts have recently raised their price targets for George Weston, with a consensus target price now set at C$301.00 and a majority rating of "Moderate Buy."
• Insider transactions indicate significant selling activity, with corporate insiders having sold 27,480 shares worth approximately C$7.35 million in the last 90 days.

Shares of George Weston Limited (TSE:WN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$251.73 and traded as high as C$268.37. George Weston shares last traded at C$265.00, with a volume of 102,861 shares traded.

Analyst Ratings Changes

WN has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of George Weston from C$271.00 to C$284.00 in a report on Wednesday, July 30th. TD Securities boosted their price target on shares of George Weston from C$308.00 to C$313.00 and gave the company a "buy" rating in a report on Monday, July 28th. Royal Bank Of Canada boosted their price target on shares of George Weston from C$316.00 to C$323.00 in a report on Wednesday, July 30th. Desjardins boosted their price target on shares of George Weston from C$300.00 to C$305.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, CIBC boosted their price target on shares of George Weston from C$268.00 to C$296.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$301.00.

George Weston Trading Down 0.2%

The stock has a market capitalization of C$34.39 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 5.03 and a beta of 0.42. The company's 50 day moving average is C$267.21 and its 200 day moving average is C$252.40. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Insiders Place Their Bets

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of C$267.12, for a total value of C$2,671,248.00. Also, Senior Officer Andrew Michael Bunston sold 2,151 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$277.71, for a total transaction of C$597,360.23. In the last 90 days, insiders sold 27,480 shares of company stock valued at $7,347,959. Corporate insiders own 59.41% of the company's stock.

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%.