George Weston (TSE:WN) Sets New 52-Week High – Time to Buy?

George Weston Limited (TSE:WN)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$107.10 and last traded at C$107.10, with a volume of 10840 shares trading hands. The stock had previously closed at C$104.63.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WN. Canadian Imperial Bank of Commerce lowered their target price on George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Scotia reduced their price objective on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$103.00 to C$113.00 in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

George Weston Stock Up 2.2%

The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. The stock has a market capitalization of C$40.33 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. The firm has a 50 day moving average of C$101.13 and a 200-day moving average of C$98.95.

George Weston (TSE:WN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The company had revenue of C$14.64 billion during the quarter. On average, equities research analysts expect that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

George Weston Company Profile

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.