Insider Buying: George Weston Limited (TSE:WN) Senior Officer Buys 1,000 Shares of Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti purchased 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$21.45 per share, with a total value of C$21,450.00.

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

• On Friday, October 4th, Rashid Wasti purchased 1,000 shares of George Weston stock. The shares were acquired at an average cost of C$22.18 per share, with a total value of C$22,180.00.
• On Friday, September 20th, Rashid Wasti bought 1,000 shares of George Weston stock. The shares were purchased at an average price of C$20.54 per share, for a total transaction of C$20,539.00.
• On Tuesday, September 17th, Rashid Wasti purchased 1,100 shares of George Weston stock. The shares were bought at an average cost of C$21.99 per share, for a total transaction of C$24,189.99.
• On Monday, August 26th, Rashid Wasti acquired 2,000 shares of George Weston stock. The stock was acquired at an average cost of C$21.67 per share, for a total transaction of C$43,340.00.
• 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 transaction 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.

George Weston Stock Up 1.8 %

Shares of WN opened at C$219.04 on Thursday. The firm has a market capitalization of C$28.94 billion, a P/E ratio of 24.67, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston Limited has a 52 week low of C$155.00 and a 52 week high of C$236.30. The company has a 50-day simple moving average of C$223.82 and a 200-day simple moving average of C$210.32. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WN. CIBC lifted their target price on George Weston from C$254.00 to C$269.00 in a report on Wednesday. Scotiabank dropped their target price on George Weston from C$222.00 to C$218.00 in a research report on Wednesday. Royal Bank of Canada upped their target price on shares of George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. BMO Capital Markets raised their target price on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday. Finally, TD Securities boosted their price target on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, George Weston currently has a consensus rating of “Moderate Buy” and an average target price of C$246.58.

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.