George Weston (TSE:WN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

George Weston Limited (TSE:WN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$223.17 and traded as high as C$235.00. George Weston shares last traded at C$234.47, with a volume of 136,962 shares.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Securities increased their price target on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. BMO Capital Markets increased their price objective on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. Scotiabank raised shares of George Weston from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$218.00 to C$240.00 in a research note on Wednesday, January 8th. CIBC increased their target price on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price objective on shares of George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, George Weston presently has an average rating of “Moderate Buy” and a consensus price target of C$252.42.

George Weston Price Performance

The company has a fifty day simple moving average of C$223.34 and a two-hundred day simple moving average of C$223.17. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The company has a market capitalization of C$30.44 billion, a price-to-earnings ratio of 46.93, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling

In related news, Senior Officer Rashid Wasti sold 150 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$224.95, for a total value of C$2,249,513.00. 59.41% of the stock is currently owned by company insiders.

George Weston Company Profile

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%.