George Weston (TSE:WN) Reaches New 1-Year High – Here’s What Happened

George Weston Limited (TSE:WNGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$106.99 and last traded at C$105.18, with a volume of 24532 shares. The stock had previously closed at C$103.87.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WN shares. Canadian Imperial Bank of Commerce decreased their price objective on George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Scotia cut their price target 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. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$108.86.

View Our Latest Stock Report on George Weston

George Weston Price Performance

The stock has a 50-day simple moving average of C$100.09 and a 200 day simple moving average of C$98.55. The stock has a market capitalization of C$39.97 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08.

George Weston (TSE:WNGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. The firm had revenue of C$14.64 billion for the quarter. On average, equities research analysts forecast that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

About George Weston

(Get Free Report)

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.

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