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

Shares of George Weston Limited (TSE:WN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$230.43 and traded as high as C$262.98. George Weston shares last traded at C$262.29, with a volume of 92,191 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TD Securities upped their price objective on shares of George Weston from C$256.00 to C$308.00 and gave the company a "buy" rating in a research note on Friday. Desjardins cut their price target on George Weston from C$255.00 to C$251.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Royal Bank of Canada lifted their price target on George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. Scotiabank downgraded George Weston from an "outperform" rating to a "sector perform" rating and lifted their target price for the company from C$240.00 to C$241.00 in a research report on Thursday, February 27th. Finally, CIBC lowered their price objective on shares of George Weston from C$269.00 to C$268.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, George Weston has an average rating of "Moderate Buy" and an average target price of C$262.25.

George Weston Stock Performance

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 company has a market cap of C$34.70 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The firm has a fifty day simple moving average of C$243.90 and a 200-day simple moving average of C$231.36.

Insider Buying and Selling

In other George Weston news, Senior Officer Rashid Wasti sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$235.60, for a total transaction of C$353,400.00. Also, Director Willard Galen Garfield Weston sold 7,248 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$236.64, for a total transaction of C$1,715,131.20. In the last quarter, insiders have bought 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. 59.41% of the stock is currently 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%.