George Weston (TSE:WN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

George Weston Limited (TSE:WN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$217.47 and traded as high as C$224.98. George Weston shares last traded at C$223.54, with a volume of 51,476 shares trading hands.

Wall Street Analysts Forecast Growth

WN has been the subject of a number of research reports. Desjardins raised their target price on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. TD Securities upped their price objective on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday, November 18th. Royal Bank of Canada lifted their target price on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. CIBC boosted their target price on shares of George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets lifted their price objective on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$248.75.

George Weston Stock Performance

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$29.57 billion, a P/E ratio of 25.20, a P/E/G ratio of 5.03 and a beta of 0.42. The company’s 50 day moving average is C$226.58 and its 200 day moving average is C$217.68.

Insider Activity at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. In the last quarter, insiders acquired 3,000 shares of company stock worth $65,080 and sold 15,150 shares worth $3,393,420. 59.41% of the stock is owned by company insiders.

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.