George Weston (TSE:WN) Sets New 12-Month High – Here’s Why

George Weston Limited (TSE:WN) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$107.10 and last traded at C$107.10, with a volume of 10840 shares trading hands. The stock had previously closed at C$104.63.

Analysts Set New Price Targets

WN has been the subject of several analyst reports. Scotia lowered 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 research report on Wednesday, May 13th. 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 note on Wednesday, May 13th. Finally, BMO Capital Markets raised shares of George Weston from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$103.00 to C$113.00 in a research report on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

George Weston Price Performance

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 stock has a market cap of C$39.92 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 5.03 and a beta of 0.31. The company has a 50 day simple moving average of C$101.53 and a 200-day simple moving average of C$99.12.

George Weston (TSE:WN) last issued its quarterly earnings results 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 company had revenue of C$14.64 billion during the quarter. Research analysts expect that George Weston Limited will post 13.0245758 EPS for the current year.

George Weston Company Profile

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.