George Weston Limited (TSE:WN) Senior Officer Acquires C$34,305.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of C$22.87 per share, for a total transaction of C$34,305.00.

Rashid Wasti also recently made the following trade(s):

• On Friday, March 14th, Rashid Wasti purchased 1,500 shares of George Weston stock. The shares were purchased at an average cost of C$21.25 per share, for a total transaction of C$31,875.00.
• On Monday, March 10th, Rashid Wasti sold 750 shares of George Weston stock. The stock was sold at an average price of C$239.90, for a total transaction of C$179,925.00.
• On Tuesday, March 4th, Rashid Wasti purchased 1,000 shares of George Weston stock. The shares were purchased at an average cost of C$24.60 per share, for a total transaction of C$24,600.00.
• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$238.75, for a total transaction of C$59,687.50.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$231.30, for a total transaction of C$57,825.00.

George Weston Price Performance

Shares of TSE WN opened at C$232.13 on Friday. The firm has a 50-day simple moving average of C$224.92 and a 200-day simple moving average of C$224.84. The stock has a market capitalization of C$30.13 billion, a price-to-earnings ratio of 46.46, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. George Weston Limited has a 52 week low of C$174.30 and a 52 week high of C$240.43.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WN. TD Securities increased their price objective on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday, November 18th. CIBC decreased their price objective on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. BMO Capital Markets increased their price objective on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Royal Bank of Canada decreased their price objective on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, Desjardins decreased their price objective on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$251.42.

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%.