George Weston (OTCMKTS:WNGRF) Reaches New 1-Year High – Here’s Why

George Weston Ltd. (OTCMKTS:WNGRF) hit a new 52-week high on Thursday . The stock traded as high as $72.21 and last traded at $72.21, with a volume of 502 shares changing hands. The stock had previously closed at $68.88.

Analyst Ratings Changes

WNGRF has been the subject of several research reports. Desjardins reiterated a “buy” rating on shares of George Weston in a research note on Monday, November 17th. Scotiabank reissued a “sector perform” rating on shares of George Weston in a research report on Monday, November 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of George Weston in a report on Monday, November 17th. CIBC restated an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, George Weston presently has a consensus rating of “Moderate Buy”.

George Weston Price Performance

The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $27.34 billion, a P/E ratio of 26.58 and a beta of 0.56. The business’s fifty day moving average price is $68.56 and its 200-day moving average price is $64.93.

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

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.