George Weston Limited (TSE:WN – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$99.34 and traded as high as C$105.00. George Weston shares last traded at C$103.23, with a volume of 359,364 shares traded.
Analysts Set New Price Targets
WN has been the subject of several recent research reports. Canadian Imperial Bank of Commerce decreased their price target on George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Scotia reduced 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 note on Wednesday, May 13th. Finally, BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$103.00 to C$113.00 in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, George Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of C$111.00.
View Our Latest Research Report on George Weston
George Weston Stock Performance
George Weston (TSE:WN – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported C$1.08 EPS for the quarter. The business had revenue of C$15.20 billion for the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%. As a group, equities research analysts predict that George Weston Limited will post 13.0245758 earnings per share for the current 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.
See Also
- Five stocks we like better than George Weston
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for George Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for George Weston and related companies with MarketBeat.com's FREE daily email newsletter.
