George Weston Limited (TSE:WN) Senior Officer Buys C$32,010.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of C$21.34 per share, with a total value of C$32,010.00.

Rashid Wasti also recently made the following trade(s):

• On Tuesday, July 30th, Rashid Wasti sold 3,300 shares of George Weston stock. The shares were sold at an average price of C$215.00, for a total value of C$709,500.00.
• On Wednesday, May 22nd, Rashid Wasti sold 1,307 shares of George Weston stock. The stock was sold at an average price of C$193.25, for a total transaction of C$252,577.75.

George Weston Trading Down 0.2 %

Shares of TSE:WN traded down C$0.33 during mid-day trading on Friday, hitting C$207.17. The stock had a trading volume of 79,060 shares, compared to its average volume of 123,188. The company’s 50 day moving average is C$202.24 and its 200-day moving average is C$188.35. The company has a market cap of C$27.71 billion, a PE ratio of 21.88, a P/E/G ratio of 1.70 and a beta of 0.38. George Weston Limited has a 12-month low of C$144.41 and a 12-month high of C$217.28. The company has a debt-to-equity ratio of 159.31, a quick ratio of 0.73 and a current ratio of 1.25.

George Weston (TSE:WN) last announced its earnings results on Tuesday, May 7th. The company reported C$2.30 EPS for the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. The firm had revenue of C$13.74 billion for the quarter. On average, sell-side analysts predict that George Weston Limited will post 12.1466667 EPS for the current year.

George Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, September 13th. George Weston’s dividend payout ratio (DPR) is presently 34.64%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WN shares. CIBC raised their target price on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. TD Securities dropped their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a report on Monday, July 22nd. BMO Capital Markets increased their target price on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Desjardins raised their target price on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Scotiabank upped their price objective on shares of George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$229.67.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.