George Weston Limited (TSE:WN) insider Rashid Wasti bought 150 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was bought at an average cost of C$104.51 per share, for a total transaction of C$15,676.50.
Rashid Wasti also recently made the following trade(s):
- On Monday, March 19th, Rashid Wasti bought 150 shares of George Weston stock. The stock was bought at an average cost of C$104.24 per share, for a total transaction of C$15,636.00.
- On Monday, March 12th, Rashid Wasti sold 6,116 shares of George Weston stock. The shares were sold at an average price of C$105.85, for a total value of C$647,378.60.
Shares of WN stock traded down C$1.21 during mid-day trading on Wednesday, reaching C$103.91. The company had a trading volume of 212,170 shares, compared to its average volume of 142,222. George Weston Limited has a 52-week low of C$102.05 and a 52-week high of C$125.67. The firm has a market capitalization of $13,510.00, a price-to-earnings ratio of 19.31 and a beta of 0.35.
George Weston (TSE:WN) last announced its quarterly earnings data on Friday, March 2nd. The company reported C$1.78 earnings per share for the quarter. George Weston had a return on equity of 19.44% and a net margin of 6.17%. The firm had revenue of C$11.41 billion for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, March 14th. George Weston’s dividend payout ratio is presently 33.55%.
A number of research analysts have recently issued reports on WN shares. BMO Capital Markets reissued an “outperform” rating and issued a C$129.00 target price on shares of George Weston in a report on Wednesday, November 22nd. Scotiabank dropped their target price on George Weston from C$115.00 to C$111.00 and set a “sector perform” rating on the stock in a report on Monday, March 5th. Barclays boosted their target price on George Weston from C$108.00 to C$109.00 in a report on Monday, March 5th. Royal Bank of Canada dropped their target price on George Weston from C$142.00 to C$137.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Finally, CIBC dropped their target price on George Weston from C$123.00 to C$119.00 in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$119.83.
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George Weston Company Profile
George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.
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