George Weston (TSE:WN) Hits New 1-Year High – What’s Next?

George Weston Limited (TSE:WN)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$104.75 and last traded at C$104.75, with a volume of 88251 shares trading hands. The stock had previously closed at C$101.91.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WN. Scotia reduced their price objective on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. TD Securities raised their target price on George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$108.86.

George Weston Price Performance

The company has a fifty day moving average price of C$97.40 and a two-hundred day moving average price of C$97.10. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08. The company has a market cap of C$39.52 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 5.03 and a beta of 0.32.

George Weston (TSE:WN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. The firm had revenue of C$14.64 billion for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. As a group, equities research analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.