George Weston Limited (TSE:WN) Senior Officer Rashid Wasti Acquires 1,500 Shares

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of C$22.87 per share, for a total transaction of C$34,305.00.

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

• On Friday, March 14th, Rashid Wasti bought 1,500 shares of George Weston stock. The shares were purchased at an average price of C$21.25 per share, for a total transaction of C$31,875.00.
• On Monday, March 10th, Rashid Wasti sold 750 shares of George Weston stock. The shares were sold at an average price of C$239.90, for a total transaction of C$179,925.00.
• On Tuesday, March 4th, Rashid Wasti purchased 1,000 shares of George Weston stock. The shares were acquired at an average price of C$24.60 per share, with a total value of C$24,600.00.
• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The shares were sold at an average price of C$238.75, for a total transaction of C$59,687.50.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The shares were sold at an average price of C$231.30, for a total value of C$57,825.00.

George Weston Trading Up 1.4 %

Shares of TSE:WN traded up C$3.12 during midday trading on Friday, reaching C$232.13. The company’s stock had a trading volume of 104,968 shares, compared to its average volume of 133,485. The firm has a 50 day moving average price of C$224.80 and a two-hundred day moving average price of C$224.71. George Weston Limited has a fifty-two week low of C$174.30 and a fifty-two week high of C$240.43. The firm has a market capitalization of C$30.13 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WN shares. Scotiabank lowered shares of George Weston from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$240.00 to C$241.00 in a research report on Thursday, February 27th. TD Securities raised their price objective on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Royal Bank of Canada decreased their target price on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Desjardins lowered their price objective on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, CIBC dropped their price target on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, George Weston currently has an average rating of “Moderate Buy” and a consensus price target of C$251.42.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%.