George Weston Limited (TSE:WN) Director Sells C$31,884.16 in Stock

George Weston Limited (TSE:WN) Director Willard Galen Garfield Weston sold 154 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$207.04, for a total transaction of C$31,884.16.

George Weston Price Performance

WN stock opened at C$207.17 on Monday. The company has a debt-to-equity ratio of 159.31, a quick ratio of 0.73 and a current ratio of 1.25. George Weston Limited has a 52 week low of C$144.41 and a 52 week high of C$217.28. The firm’s fifty day moving average is C$202.24 and its 200 day moving average is C$188.59. The firm has a market cap of C$27.71 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.70 and a beta of 0.38.

George Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, September 13th. George Weston’s dividend payout ratio is currently 34.64%.

Analyst Ratings Changes

Several research firms have issued reports on WN. Desjardins increased their target price on shares of 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 objective on shares of George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Scotiabank raised their price objective on shares of George Weston from C$200.00 to C$212.00 and gave the company a “sector perform” rating in a research report on Monday, May 6th. Finally, TD Securities lowered their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, George Weston has an average rating of “Moderate Buy” and a consensus target price 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.