Rashid Wasti Purchases 1,500 Shares of George Weston Limited (TSE:WN) Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti acquired 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of C$21.72 per share, for a total transaction of C$32,580.00.

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

• On Monday, August 19th, Rashid Wasti acquired 1,300 shares of George Weston stock. The stock was acquired at an average price of C$21.63 per share, for a total transaction of C$28,119.00.
• On Thursday, August 15th, Rashid Wasti sold 150 shares of George Weston stock. The shares were 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 stock was acquired at an average price of C$21.34 per share, for a total transaction of C$32,010.00.
• On Tuesday, July 30th, Rashid Wasti sold 3,300 shares of George Weston stock. The shares were sold at an average price of C$215.00, for a total value of C$709,500.00.

George Weston Stock Up 0.2 %

Shares of George Weston stock traded up C$0.40 during trading hours on Friday, reaching C$219.62. 74,413 shares of the company were exchanged, compared to its average volume of 121,550. George Weston Limited has a 1 year low of C$144.41 and a 1 year high of C$220.92. The stock’s fifty day moving average is C$206.01 and its 200 day moving average is C$191.04. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. The firm has a market cap of C$29.02 billion, a PE ratio of 24.63, a PEG ratio of 1.70 and a beta of 0.42.

George Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, September 13th. George Weston’s dividend payout ratio is currently 36.90%.

Wall Street Analyst Weigh In

WN has been the topic of a number of recent analyst reports. Desjardins upped their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Scotiabank boosted their target price on 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. CIBC boosted their target price on 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. TD Securities cut their target price 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. Finally, BMO Capital Markets boosted their target price on 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.