George Weston (TSE:WN) Reaches New 1-Year High – What’s Next?

Shares of George Weston Limited (TSE:WN) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$99.38 and last traded at C$99.24, with a volume of 47719 shares traded. The stock had previously closed at C$97.05.

Analyst Ratings Changes

WN has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. CIBC upped their price objective on shares of George Weston from C$100.00 to C$112.00 in a report on Monday, November 17th. Desjardins increased their price objective on shares of George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. BMO Capital Markets raised their target price on George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. Finally, TD Securities upped their price target on George Weston from C$105.00 to C$108.00 in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$107.00.

George Weston Price Performance

The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The business’s fifty day moving average price is C$95.77 and its 200-day moving average price is C$90.63. The stock has a market capitalization of C$38.90 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 5.03 and a beta of 0.48.

George Weston (TSE:WN) last posted its earnings results on Friday, November 14th. The company reported C$1.37 earnings per share for the quarter. The company had revenue of C$19.55 billion for the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. On average, research analysts forecast that George Weston Limited will post 13.0245758 EPS for the current year.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.