Shares of George Weston Limited (TSE:WN – Get Free Report) hit a new 52-week high on Wednesday. The company traded as high as C$111.82 and last traded at C$111.42, with a volume of 25,799 shares trading hands. The stock had previously closed at C$108.75.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on WN shares. Canadian Imperial Bank of Commerce set a C$134.00 price objective on shares of George Weston and gave the stock an “outperformer” rating in a research report on Thursday, October 22nd. BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$103.00 to C$113.00 in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$115.83.
Check Out Our Latest Analysis on George Weston
George Weston Price Performance
The company has a 50-day moving average of C$103.04 and a two-hundred day moving average of C$100.31. The company has a debt-to-equity ratio of 438.92, a current ratio of 1.05 and a quick ratio of 0.73. The stock has a market capitalization of C$41.03 billion, a PE ratio of 43.00, a P/E/G ratio of 5.03 and a beta of 0.21.
Insider Buying and Selling at George Weston
In other George Weston news, insider Richard Dufresne sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$101.04, for a total transaction of C$1,010,400.00. Following the sale, the insider owned 19,911 shares in the company, valued at C$2,011,807.44. This represents a 33.43% decrease in their ownership of the stock. Insiders have sold a total of 70,000 shares of company stock worth $7,017,600 over the last three months. 59.41% of the stock is currently owned by company 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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