George Weston (TSE:WN) Hits New 52-Week High – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank of Canada dropped their target price on George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a report 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 on the stock in a research report on Thursday, February 27th. Scotiabank cut George Weston from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Finally, Desjardins dropped their price target on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$251.42.

George Weston Price Performance

The firm has a market cap of C$31.16 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The stock has a 50-day moving average price of C$226.25 and a 200 day moving average price of C$225.37.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Rashid Wasti sold 250 shares of George Weston stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$231.30, for a total value of C$57,825.00. Also, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Over the last quarter, insiders bought 4,000 shares of company stock worth $90,780 and sold 77,461 shares worth $17,949,441. 59.41% of the stock is owned by company 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%.