George Weston (OTCMKTS:WNGRF) Shares Gap Up – Should You Buy?

George Weston Ltd. (OTCMKTS:WNGRF) shares gapped up prior to trading on Wednesday. The stock had previously closed at $70.22, but opened at $72.96. George Weston shares last traded at $72.96, with a volume of 502 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WNGRF. BMO Capital Markets restated an “outperform” rating on shares of George Weston in a report on Monday, August 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

George Weston Stock Performance

The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average of $71.55 and a 200 day moving average of $71.57. The firm has a market cap of $27.20 billion, a price-to-earnings ratio of 22.04 and a beta of 0.45.

George Weston (OTCMKTS:WNGRF) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). George Weston had a net margin of 1.54% and a return on equity of 14.12%. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.72 billion.

About George Weston

George Weston Limited is a Canadian holding company with principal interests in food retailing, consumer products and commercial real estate. Its largest operating investment is Loblaw Companies Limited, which operates supermarkets, discount stores, pharmacies and other retail businesses across Canada under brands including Loblaws, No Frills, Real Canadian Superstore, Shoppers Drug Mart and T&T. Loblaw also provides financial services and operates loyalty and consumer-commerce platforms.

George Weston also has an interest in Choice Properties Real Estate Investment Trust, a Canadian owner and operator of retail and commercial properties.