George Weston (TSE:WN) Sets New 12-Month High – Here’s What Happened

Shares of George Weston Limited (TSE:WN) reached a new 52-week high on Tuesday . The company traded as high as C$240.49 and last traded at C$240.03, with a volume of 25053 shares trading hands. The stock had previously closed at C$236.66.

Wall Street Analyst Weigh In

A number of research firms have commented on WN. Scotiabank cut shares of George Weston from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. CIBC cut their target price on George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Desjardins lowered their price target 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. Finally, Royal Bank of Canada cut their price objective on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$251.42.

George Weston Stock Performance

The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The firm’s 50 day moving average is C$227.24 and its 200-day moving average is C$225.64. The company has a market cap of C$31.00 billion, a PE ratio of 47.80, a PEG ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling at George Weston

In other news, Senior Officer Rashid Wasti sold 750 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$239.90, for a total transaction of C$179,925.00. Also, Director Willard Galen Garfield Weston sold 57,463 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of C$231.03, for a total transaction of C$13,275,441.29. In the last three months, insiders bought 4,000 shares of company stock valued at $90,780 and sold 77,461 shares valued at $17,949,441. 59.41% of the stock is currently owned by corporate insiders.

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%.