George Weston (TSE:WN) Insider Sells C$2,026,600.00 in Stock

Key Points

• Insider Richard Dufresne sold 20,000 George Weston shares for approximately C$2.03 million at an average price of C$101.33, reducing his direct ownership by 50.11% to 19,911 shares. He also sold 20,000 shares earlier in the month for C$1.97 million.
• George Weston shares rose 0.4% to C$100.93, with the company valued at approximately C$37.77 billion. Its latest quarter included C$1.08 in EPS and C$15.20 billion in revenue.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and a C$113.00 target price; BMO upgraded the stock to “outperform,” while Scotia and CIBC lowered their price objectives.

George Weston Limited (TSE:WN - Get Free Report) insider Richard Dufresne sold 20,000 shares of the company's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$101.33, for a total transaction of C$2,026,600.00. Following the sale, the insider directly owned 19,911 shares of the company's stock, valued at C$2,017,581.63. This represents a 50.11% decrease in their ownership of the stock.

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

• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$98.56, for a total transaction of C$1,971,200.00.

George Weston Trading Up 0.4%

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

George Weston (TSE:WN - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported C$1.08 EPS for the quarter. George Weston had a net margin of 1.59% and a return on equity of 20.42%. The firm had revenue of C$15.20 billion during the quarter. On average, equities research analysts forecast that George Weston Limited will post 13.0245758 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WN shares. BMO Capital Markets raised shares of George Weston from a "hold" rating to an "outperform" rating and lifted their price target for the company from C$103.00 to C$113.00 in a report on Monday, July 20th. Scotia decreased their price objective 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. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$113.00.

About George Weston

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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