George Weston Limited (TSE:WN) Senior Officer Rashid Wasti Buys 2,000 Shares of Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti bought 2,000 shares of the stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of C$21.67 per share, with a total value of C$43,340.00.

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

• 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 value of C$33,376.50.
• On Friday, August 23rd, Rashid Wasti acquired 1,500 shares of George Weston stock. The stock was purchased at an average cost of C$21.72 per share, with a total value of C$32,580.00.
• On Monday, August 19th, Rashid Wasti acquired 1,300 shares of George Weston stock. The stock was purchased 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 bought 1,500 shares of George Weston stock. The shares were bought 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 Price Performance

Shares of WN stock traded down C$0.58 during trading hours on Friday, hitting C$219.00. The stock had a trading volume of 10,285 shares, compared to its average volume of 120,102. George Weston Limited has a one year low of C$144.41 and a one year high of C$222.67. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. The stock’s 50-day moving average price is C$208.44 and its two-hundred day moving average price is C$192.56. The stock has a market capitalization of C$28.94 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.70 and a beta of 0.42.

George Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.28 annualized dividend and a dividend yield of 1.50%. George Weston’s dividend payout ratio (DPR) is 36.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. TD Securities lowered 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. CIBC lifted 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. Scotiabank boosted their price objective 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. BMO Capital Markets boosted their price objective 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. Finally, Desjardins boosted their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, George Weston has an average rating of “Moderate Buy” and an average 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.