George Weston (TSE:WN) Sets New 52-Week High – What’s Next?

George Weston Limited (TSE:WN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$254.61 and last traded at C$254.77, with a volume of 148456 shares changing hands. The stock had previously closed at C$251.96.

Analyst Ratings Changes

WN has been the topic of a number of recent analyst reports. Scotiabank downgraded George Weston from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$240.00 to C$241.00 in a research report on Thursday, February 27th. Royal Bank of Canada boosted their target price on George Weston from C$264.00 to C$284.00 in a report on Monday. CIBC cut their price target on George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Desjardins reduced their price objective on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$254.75.

George Weston Stock Performance

The company has a fifty day moving average of C$235.25 and a two-hundred day moving average of C$228.33. The firm has a market capitalization of C$33.40 billion, a price-to-earnings ratio of 51.50, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Insider Transactions at George Weston

In other news, Senior Officer Rashid Wasti sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$235.60, for a total transaction of C$353,400.00. Also, Director Willard Galen Garfield Weston sold 57,463 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$231.03, for a total value of C$13,275,441.29. Over the last 90 days, insiders bought 4,000 shares of company stock valued at $90,780 and sold 77,461 shares valued at $17,949,441. Insiders own 59.41% of the company’s stock.

About George Weston

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%.