George Weston (TSE:WN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$98.95 and traded as high as C$105.35. George Weston shares last traded at C$104.63, with a volume of 143,613 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on WN. Scotia decreased their price objective on 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. BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$103.00 to C$113.00 in a report on Monday, July 20th. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$111.00.

George Weston Stock Performance

The company has a market cap of C$39.92 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. The stock has a 50 day moving average price of C$101.36 and a two-hundred day moving average price of C$99.04. 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 earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The company had revenue of C$14.64 billion during the quarter. On average, research analysts predict that George Weston Limited will post 13.0245758 earnings per share 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.