George Weston (TSE:WN) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

George Weston Limited (TSE:WN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$98.24 and traded as high as C$101.22. George Weston shares last traded at C$100.98, with a volume of 184,549 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotia dropped their target price on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce decreased their price target on George Weston from C$127.00 to C$117.00 in a research note 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. According to data from MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and an average target price of C$108.86.

George Weston Trading Up 1.6%

The firm has a market capitalization of C$38.07 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. The firm’s 50 day moving average is C$99.50 and its 200 day moving average is C$98.24. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 411.08.

George Weston (TSE:WN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share (EPS) 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%. Equities analysts forecast that George Weston Limited will post 13.0245758 earnings per share for the current 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.