George Weston (TSE:WN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of George Weston Limited (TSE:WN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$222.53 and traded as high as C$223.45. George Weston shares last traded at C$223.10, with a volume of 156,943 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. CIBC raised their price objective on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Desjardins lifted their price target on shares of George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. Scotiabank upgraded shares of George Weston from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$218.00 to C$240.00 in a research report on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, TD Securities upped their price target on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$252.42.

George Weston Trading Up 0.4 %

The business’s fifty day moving average is C$224.62 and its 200-day moving average is C$222.53. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The firm has a market cap of C$28.96 billion, a P/E ratio of 44.66, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Activity

In related news, Senior Officer Rashid Wasti sold 150 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Over the last 90 days, insiders sold 15,150 shares of company stock valued at $3,393,420. Insiders own 59.41% of the company’s stock.

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%.