George Weston (TSE:WN) Insider Sells C$2,026,600.00 in Stock

George Weston Limited (TSE:WN – Get Free Report) insider Richard Dufresne sold 20,000 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$101.33, for a total transaction of C$2,026,600.00. Following the sale, the insider directly owned 19,911 shares in the company, valued at approximately C$2,017,581.63. This represents a 50.11% decrease in their position.

Richard Dufresne also recently made the following trade(s):

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• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$98.56, for a total transaction of C$1,971,200.00.

George Weston Price Performance

Shares of TSE WN traded up C$0.43 during trading on Friday, reaching C$100.93. The company had a trading volume of 286,030 shares, compared to its average volume of 327,733. George Weston Limited has a 52 week low of C$82.77 and a 52 week high of C$107.94. The business’s 50 day moving average price is C$101.07 and its 200-day moving average price is C$99.43. The stock has a market cap of C$37.77 billion, a PE ratio of 39.58, a PEG ratio of 5.03 and a beta of 0.24. The company has a debt-to-equity ratio of 438.92, a quick ratio of 0.73 and a current ratio of 1.05.

George Weston (TSE:WN – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported C$1.08 earnings per share for the quarter. George Weston had a net margin of 1.59% and a return on equity of 20.42%. The business had revenue of C$15.20 billion during the quarter. Analysts expect that George Weston Limited will post 13.0245758 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce dropped their target price on George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. BMO Capital Markets upgraded George Weston from a “hold” rating to an “outperform” rating and raised their price target for the company from C$103.00 to C$113.00 in a report on Monday, July 20th. Finally, Scotia lowered their price objective on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$113.00.

Check Out Our Latest Analysis on George Weston

George Weston Company Profile

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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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