George Weston (TSE:WN) Insider Richard Dufresne Sells 20,000 Shares

George Weston Limited (TSE:WN) insider Richard Dufresne sold 20,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$101.33, for a total transaction of C$2,026,600.00. Following the transaction, the insider owned 19,911 shares in the company, valued at approximately C$2,017,581.63. The trade was a 50.11% decrease in their ownership of the stock.

Richard Dufresne also recently made the following trade(s):

• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$98.56, for a total transaction of C$1,971,200.00.

George Weston Stock Performance

Shares of WN stock opened at C$100.93 on Monday. The stock has a market cap of C$37.77 billion, a P/E ratio of 39.58, a P/E/G ratio of 5.03 and a beta of 0.24. The company has a debt-to-equity ratio of 438.92, a current ratio of 1.05 and a quick ratio of 0.73. The company has a fifty day moving average price of C$101.07 and a two-hundred day moving average price of C$99.43. George Weston Limited has a one year low of C$82.77 and a one year high of C$107.94.

George Weston (TSE:WN) last announced its quarterly earnings data on Friday, July 31st. The company reported C$1.08 EPS for the quarter. The company had revenue of C$15.20 billion during the quarter. George Weston had a net margin of 1.59% and a return on equity of 20.42%. As a group, equities analysts predict that George Weston Limited will post 13.0245758 EPS for the current year.

Analysts Set New Price Targets

WN has been the topic of a number of recent analyst reports. BMO Capital Markets raised George Weston from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$103.00 to C$113.00 in a research report on Monday, July 20th. Scotia cut 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, Canadian Imperial Bank of Commerce reduced their target price on George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$113.00.

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.