George Weston Ltd. (OTCMKTS:WNGRF) Given Consensus Rating of “Moderate Buy” by Brokerages

George Weston Ltd. (OTCMKTS:WNGRF) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several equities analysts recently issued reports on WNGRF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. 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 report on Monday, November 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of George Weston in a report on Monday, November 17th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of George Weston in a research report on Monday, November 17th.

George Weston Price Performance

Shares of WNGRF stock opened at $74.48 on Friday. George Weston has a fifty-two week low of $50.86 and a fifty-two week high of $74.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a market capitalization of $28.27 billion, a price-to-earnings ratio of 27.48 and a beta of 0.55. The stock’s 50-day simple moving average is $69.10 and its 200-day simple moving average is $65.26.

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

About George Weston

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.