George Weston (TSE:WN) Sets New 12-Month High – What’s Next?

George Weston Limited (TSE:WN) reached a new 52-week high during trading on Wednesday . The company traded as high as C$229.31 and last traded at C$228.06, with a volume of 28220 shares. The stock had previously closed at C$227.29.

Analyst Upgrades and Downgrades

WN has been the topic of a number of research reports. CIBC lifted their price target on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. TD Securities dropped their price target on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets lifted their price objective on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Desjardins boosted their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Scotiabank upgraded shares of George Weston to a “hold” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$229.67.

George Weston Stock Up 1.6 %

The stock’s fifty day moving average price is C$222.63 and its 200 day moving average price is C$207.15. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. The stock has a market cap of C$30.53 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insiders Place Their Bets

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. In other George Weston news, Director Willard Galen Garfield Weston sold 154 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$207.04, for a total value of C$31,884.16. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. Over the last ninety days, insiders have acquired 7,900 shares of company stock valued at $170,948 and have sold 54,419 shares valued at $12,242,452. Insiders own 59.41% of the company’s stock.

George Weston Company Profile

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.