George Weston (TSE:WN – Get Free Report) issued its earnings results on Friday. The company reported C$1.08 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$15.20 billion for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.
George Weston Price Performance
WN stock traded up C$0.26 during trading on Friday, hitting C$104.77. 197,688 shares of the stock traded hands, compared to its average volume of 335,181. The stock has a market cap of C$39.50 billion, a price-to-earnings ratio of 36.63, a P/E/G ratio of 5.03 and a beta of 0.31. George Weston has a one year low of C$82.77 and a one year high of C$107.94. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08. The company has a 50 day simple moving average of C$101.68 and a 200 day simple moving average of C$99.18.
Analysts Set New Price Targets
WN has been the subject of several analyst reports. Scotia reduced their price objective on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 13th. BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and raised their target price for the company from C$103.00 to C$113.00 in a research note on Monday, July 20th. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$111.00.
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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