George Weston Limited (TSE:WN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$96.67 and traded as high as C$97.20. George Weston shares last traded at C$96.76, with a volume of 254,396 shares traded.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Scotia lowered their price objective on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce lowered their price objective on George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, TD Securities lifted their price objective 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$108.86.
Get Our Latest Analysis on George Weston
George Weston Trading Down 0.2%
George Weston (TSE:WN – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The company had revenue of C$14.64 billion for the quarter. As a group, sell-side analysts predict that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Willard Galen Garfield Weston sold 21,729 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of C$95.07, for a total value of C$2,065,776.03. Following the transaction, the director directly owned 85,584 shares of the company’s stock, valued at approximately C$8,136,470.88. The trade was a 20.25% decrease in their position. Also, insider Richard Dufresne sold 6,825 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of C$95.07, for a total value of C$648,852.75. Following the completion of the transaction, the insider directly owned 19,911 shares in the company, valued at approximately C$1,892,938.77. This represents a 25.53% decrease in their ownership of the stock. 59.41% of the stock is currently owned by insiders.
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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