George Weston Limited (TSE:WN - Get Free Report)'s stock price passed 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 trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on WN shares. Desjardins dropped their target price on George Weston from C$255.00 to C$251.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada increased their target price on shares of George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. Scotiabank cut shares of George Weston from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$240.00 to C$241.00 in a report on Thursday, February 27th. Finally, CIBC cut their price objective on George Weston from C$269.00 to C$268.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Two investment analysts have 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 price target of C$254.75.
View Our Latest Analysis on George Weston
George Weston Price Performance
The stock's fifty day moving average is C$241.21 and its 200-day moving average is C$230.43. 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 market capitalization of C$34.05 billion, a P/E ratio of 52.50, a PEG 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 George Weston stock in a transaction dated Wednesday, March 5th. The stock was 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 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total value of C$2,308,031.00. In the last ninety days, insiders have purchased 4,000 shares of company stock valued at $90,780 and have sold 77,461 shares valued at $17,949,441. 59.41% of the stock is owned by company 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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