George Weston (TSE:WN) Sets New 52-Week High – Time to Buy?

George Weston Limited (TSE:WN)’s stock price 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 changing hands. The stock had previously closed at C$227.29.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WN. TD Securities decreased their price objective on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a report on Monday, July 22nd. CIBC lifted their price objective on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Desjardins upped their target price on shares of 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. BMO Capital Markets lifted their price target 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. Finally, Scotiabank upgraded shares of George Weston to a “hold” rating in a report on Wednesday, October 30th. Two 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 an average target price of C$229.67.

George Weston Stock Performance

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

Insider Transactions at George Weston

In other George Weston news, Director Willard Galen Garfield Weston sold 154 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$207.04, for a total transaction of C$31,884.16. In related news, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00. Also, Director Willard Galen Garfield Weston sold 154 shares of the company’s stock in a transaction 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. In the last 90 days, insiders have acquired 7,900 shares of company stock worth $170,948 and have sold 54,419 shares worth $12,242,452. Corporate 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.