Insider Selling: George Weston (TSE:WN) Insider Sells 6,825 Shares of Stock

Key Points

• Insider sale: Richard Dufresne sold 6,825 George Weston shares on March 9 at an average price of C$95.07 for C$648,852.75, reducing his stake by 25.53% to 19,911 shares (worth ~C$1.89M).
• George Weston shares rose 1.1% to C$97.44 on Friday; the company has a market cap of C$36.96B, a P/E of 34.8, a 1‑year range of C$78.11–C$104.50, and a notably high debt‑to‑equity ratio of 370.81.
• Analyst upgrades: Multiple firms have raised price targets recently (TD to C$121, RBC to C$115, Desjardins to C$110), leaving a consensus rating of "Moderate Buy" and an average target of C$109.17.

George Weston Limited (TSE:WN - Get Free Report) insider Richard Dufresne sold 6,825 shares of George Weston stock in a transaction on Monday, March 9th. The shares were sold at an average price of C$95.07, for a total transaction of C$648,852.75. Following the completion of the sale, the insider owned 19,911 shares of the company's stock, valued at C$1,892,938.77. This represents a 25.53% decrease in their position.

George Weston Stock Up 1.1%

Shares of George Weston stock traded up C$1.07 during trading on Friday, reaching C$97.44. 320,800 shares of the company traded hands, compared to its average volume of 354,741. The firm has a market capitalization of C$36.96 billion, a PE ratio of 34.80, a P/E/G ratio of 5.03 and a beta of 0.51. George Weston Limited has a 1-year low of C$78.11 and a 1-year high of C$104.50. The company has a 50 day moving average price of C$98.45 and a 200-day moving average price of C$93.29. The company has a debt-to-equity ratio of 370.81, a current ratio of 1.10 and a quick ratio of 0.73.

George Weston (TSE:WN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$1.21 EPS for the quarter. George Weston had a net margin of 1.90% and a return on equity of 21.94%. The business had revenue of C$15.86 billion during the quarter. As a group, equities research analysts expect that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on WN shares. TD Securities boosted their target price on George Weston from C$108.00 to C$121.00 and gave the company a "buy" rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their price target on George Weston from C$109.00 to C$115.00 and gave the stock an "outperform" rating in a report on Friday, January 23rd. Finally, Desjardins boosted their price objective on George Weston from C$103.00 to C$110.00 in a report on Friday, December 19th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, George Weston presently has an average rating of "Moderate Buy" and an average target price of C$109.17.

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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