George Weston Ltd. (OTCMKTS:WNGRF – Get Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $72.13 and traded as high as $72.83. George Weston shares last traded at $72.83, with a volume of 1,978 shares changing hands.
Analyst Ratings Changes
WNGRF has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of George Weston in a research note on Monday, August 3rd. Scotiabank reiterated a “sector perform” rating on shares of George Weston in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on WNGRF
George Weston Stock Up 1.9%
George Weston (OTCMKTS:WNGRF – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). George Weston had a return on equity of 14.12% and a net margin of 1.54%.The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.72 billion.
George Weston Company Profile
George Weston Limited is a Canadian holding and investment company with a long history in the food retail, consumer products and real estate sectors. Founded in 1882 by George Weston as a bakery business, the company has grown into one of Canada’s major corporate enterprises through a portfolio of operating and real estate investments.
Its principal operating investment is Loblaw Companies Limited, Canada’s largest food and pharmacy retailer. Loblaw operates supermarkets, discount grocery stores, drugstores and other retail banners, including Loblaws, Real Canadian Superstore, No Frills, Shoppers Drug Mart and Maxi.
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