George Weston Limited (TSE:WN) Senior Officer Buys C$24,600.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of C$24.60 per share, for a total transaction of C$24,600.00.

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

• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The shares were sold at an average price of C$238.75, for a total value of C$59,687.50.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$231.30, for a total value of C$57,825.00.

George Weston Stock Performance

Shares of WN opened at C$238.05 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The business has a 50-day simple moving average of C$224.12 and a two-hundred day simple moving average of C$224.32. The stock has a market cap of C$30.90 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 5.03 and a beta of 0.42. George Weston Limited has a 52 week low of C$174.30 and a 52 week high of C$239.79.

Wall Street Analysts Forecast Growth

Several research firms have commented on WN. Scotiabank downgraded George Weston from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$240.00 to C$241.00 in a report on Thursday, February 27th. Royal Bank of Canada dropped their target price on George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Desjardins decreased their price target on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets boosted their price target on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Finally, TD Securities boosted their price target on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$251.42.

About George Weston

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%.