George Weston (TSE:WN) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• George Weston Limited's stock price surpassed its 200-day moving average, trading at C$267.66 on Monday, against a high of C$268.41.
• Several brokerages, including Royal Bank of Canada and CIBC, have raised their target prices for the stock, reflecting a consensus target price of C$301.00.
• Insider trading has been notable, with Senior Officers selling shares valued over C$4.7 million in the last quarter, while 59.41% of the stock remains owned by corporate insiders.

Shares of George Weston Limited (TSE:WN - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$253.82 and traded as high as C$268.41. George Weston shares last traded at C$267.66, with a volume of 138,546 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Desjardins upped their target price on George Weston from C$100.00 to C$101.67 and gave the company a "buy" rating in a research note on Wednesday, July 30th. BMO Capital Markets increased their price target on George Weston from C$90.33 to C$94.67 in a research note on Wednesday, July 30th. Scotiabank increased their price target on George Weston from C$95.00 to C$99.00 and gave the stock a "sector perform" rating in a research note on Thursday. TD Securities increased their price target on George Weston from C$102.67 to C$104.33 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada increased their price target on George Weston from C$105.33 to C$107.67 in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$101.00.

George Weston Stock Down 4.1%

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 firm has a market capitalization of C$11.45 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The firm has a 50-day moving average of C$88.97 and a two-hundred day moving average of C$84.97.

Insider Buying and Selling at George Weston

In related news, Senior Officer Richard Dufresne sold 15,987 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$92.49, for a total value of C$1,478,612.05. Also, Senior Officer Andrew Michael Bunston sold 6,453 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$92.57, for a total value of C$597,360.23. Company 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%.