George Weston Limited (TSE:WN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$97.74 and traded as high as C$105.00. George Weston shares last traded at C$104.79, with a volume of 265,090 shares traded.
Analysts Set New Price Targets
WN has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reduced their target price on shares of George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. TD Securities increased their price target on shares of George Weston from C$108.00 to C$121.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Scotia cut their price target on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$108.86.
View Our Latest Stock Analysis on George Weston
George Weston Price Performance
George Weston (TSE:WN – Get Free Report) last posted its quarterly earnings data 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 business had revenue of C$14.64 billion for the quarter. On average, equities analysts forecast that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.
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%. 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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