George Weston (OTCMKTS:WNGRF) Sets New 12-Month High – Time to Buy?

Shares of George Weston Ltd. (OTCMKTS:WNGRF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.75 and last traded at $68.75, with a volume of 177 shares trading hands. The stock had previously closed at $67.03.

Analyst Ratings Changes

Several analysts have commented on WNGRF shares. TD Securities reiterated a “buy” rating on shares of George Weston in a research note on Monday, July 28th. CIBC reaffirmed an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Desjardins reissued a “buy” rating on shares of George Weston in a research report on Monday, November 17th. Royal Bank Of Canada restated an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. Finally, Scotiabank reiterated a “sector perform” rating on shares of George Weston in a research note on Monday, November 17th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

George Weston Trading Up 2.6%

The firm has a market capitalization of $26.25 billion, a P/E ratio of 37.37 and a beta of 0.55. The company has a current ratio of 1.37, a quick ratio of 0.77 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $62.17 and a 200-day simple moving average of $130.41.

George Weston (OTCMKTS:WNGRF) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. George Weston had a net margin of 1.67% and a return on equity of 12.84%. The company had revenue of $14.04 billion for the quarter, compared to the consensus estimate of $16.95 billion.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.