Rashid Wasti Purchases 1,000 Shares of George Weston Limited (TSE:WN) Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti bought 1,000 shares of the stock in a transaction on Friday, September 20th. The stock was purchased at an average cost of C$20.54 per share, for a total transaction of C$20,539.00.

Rashid Wasti also recently made the following trade(s):

• On Tuesday, September 17th, Rashid Wasti acquired 1,100 shares of George Weston stock. The stock was acquired at an average price of C$21.99 per share, for a total transaction of C$24,189.99.
• On Monday, August 26th, Rashid Wasti bought 2,000 shares of George Weston stock. The shares were acquired at an average price of C$21.67 per share, with a total value of C$43,340.00.
• On Wednesday, August 28th, Rashid Wasti sold 150 shares of George Weston stock. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50.
• On Friday, August 23rd, Rashid Wasti bought 1,500 shares of George Weston stock. The stock was bought at an average cost of C$21.72 per share, for a total transaction of C$32,580.00.
• On Monday, August 19th, Rashid Wasti purchased 1,300 shares of George Weston stock. The shares were bought at an average cost of C$21.63 per share, with a total value of C$28,119.00.
• On Thursday, August 15th, Rashid Wasti sold 150 shares of George Weston stock. The stock was sold at an average price of C$218.50, for a total value of C$32,775.00.
• On Wednesday, August 7th, Rashid Wasti acquired 1,500 shares of George Weston stock. The shares were bought at an average price of C$21.34 per share, with a total value of C$32,010.00.
• On Tuesday, July 30th, Rashid Wasti sold 3,300 shares of George Weston stock. The stock was sold at an average price of C$215.00, for a total transaction of C$709,500.00.

George Weston Stock Down 0.1 %

WN opened at C$219.53 on Friday. The company has a market capitalization of C$29.01 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42. The firm has a 50-day simple moving average of C$215.74 and a two-hundred day simple moving average of C$197.74. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. George Weston Limited has a 52 week low of C$144.41 and a 52 week high of C$229.22.

George Weston (TSE:WN) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$2.93 EPS for the quarter. George Weston had a return on equity of 17.52% and a net margin of 2.06%. The company had revenue of C$14.09 billion during the quarter. Analysts forecast that George Weston Limited will post 13.0828367 earnings per share for the current fiscal year.

George Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, September 13th. George Weston’s dividend payout ratio is presently 36.90%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Desjardins increased their price target on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. CIBC raised their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, TD Securities cut their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$229.67.

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.