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

George Weston Limited (TSE:WN)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$99.76 and traded as high as C$101.58. George Weston shares last traded at C$99.73, with a volume of 315,381 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised George Weston from a “hold” rating to an “outperform” rating and upped their price target for the company from C$103.00 to C$113.00 in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$113.00.

George Weston Trading Up 1.1%

The company has a fifty day moving average of C$100.34 and a two-hundred day moving average of C$99.80. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 438.92. The stock has a market capitalization of C$38.02 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 5.03 and a beta of 0.22.

George Weston (TSE:WN) last announced its earnings results on Friday, July 31st. The company reported C$1.08 earnings per share (EPS) for the quarter. George Weston had a net margin of 1.59% and a return on equity of 20.42%. The business had revenue of C$15.20 billion for the quarter. On average, research analysts expect that George Weston Limited will post 13.0245758 EPS for the current year.

Insider Transactions at George Weston

In other George Weston news, insider Richard Dufresne sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$98.56, for a total transaction of C$1,971,200.00. Following the transaction, the insider directly owned 19,911 shares in the company, valued at approximately C$1,962,428.16. This represents a 50.11% decrease in their position. Over the last 90 days, insiders sold 70,000 shares of company stock worth $7,017,600. 59.41% of the stock is currently owned by corporate insiders.

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.