George Weston (OTCMKTS:WNGRF) Sets New 52-Week High – Still a Buy?

George Weston Ltd. (OTCMKTS:WNGRF) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $164,864.9984 and last traded at $164,864.9984, with a volume of 7287457 shares changing hands. The stock had previously closed at $68.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WNGRF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. CIBC reissued an “outperform” rating on shares of George Weston in a report on Monday, November 17th. Desjardins reaffirmed a “buy” rating on shares of George Weston in a research note on Monday, November 17th. BMO Capital Markets reiterated a “market perform” rating on shares of George Weston in a research report on Monday, November 17th. Finally, Scotiabank restated a “sector perform” rating on shares of George Weston in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

George Weston Stock Performance

The firm’s fifty day simple moving average is $67.21 and its 200 day simple moving average is $100.31. The company has a market capitalization of $62.75 trillion, a price-to-earnings ratio of 60,836.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.42 and a quick ratio of 0.80.

George Weston (OTCMKTS:WNGRF) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The firm had revenue of $14.04 billion for the quarter, compared to analyst estimates of $16.95 billion. George Weston had a return on equity of 13.21% and a net margin of 2.37%.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.