George Weston (TSE:WN) Insider Sells 20,000 Shares of Stock

Key Points

• Insider selling: Richard Dufresne sold 20,000 George Weston shares for approximately C$1.97 million at C$98.56 each, reducing his direct ownership by 50.11% to 19,911 shares. He also sold another 20,000 shares at C$101.33 on September 4.
• Stock performance: George Weston shares rose 0.4% to C$100.93, with a market capitalization of approximately C$37.77 billion. The stock has traded between C$82.77 and C$107.94 over the past year.
• Analyst outlook: The company has a consensus “Moderate Buy” rating and an average price target of C$113, implying potential upside from the reported trading price.

George Weston Limited (TSE:WN - Get Free Report) insider Richard Dufresne sold 20,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$98.56, for a total value of C$1,971,200.00. Following the transaction, the insider directly owned 19,911 shares in the company, valued at C$1,962,428.16. This trade represents a 50.11% decrease in their ownership of the stock.

Richard Dufresne also recently made the following trade(s):

• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$101.33, for a total value of C$2,026,600.00.

George Weston Trading Up 0.4%

WN stock traded up C$0.43 during trading on Friday, hitting C$100.93. 286,030 shares of the company traded hands, compared to its average volume of 327,733. The firm has a market capitalization of C$37.77 billion, a PE ratio of 39.58, a P/E/G ratio of 5.03 and a beta of 0.24. George Weston Limited has a 1 year low of C$82.77 and a 1 year high of C$107.94. The company has a 50-day moving average of C$101.07 and a 200-day moving average of C$99.43. The company has a debt-to-equity ratio of 438.92, a quick ratio of 0.73 and a current ratio of 1.05.

George Weston (TSE:WN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported C$1.08 EPS for the quarter. The business had revenue of C$15.20 billion for the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%. Analysts predict that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on WN shares. Scotia decreased their target price on shares of George Weston from C$106.00 to C$102.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce dropped their price target on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded shares of George Weston from a "hold" rating to an "outperform" rating and increased their target price for the stock from C$103.00 to C$113.00 in a report on Monday, July 20th. Three investment 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, George Weston has a consensus rating of "Moderate Buy" and an average target price of C$113.00.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.

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