George Weston (TSE:WN) Sets New 12-Month High – What’s Next?

George Weston Limited (TSE:WN)’s share price reached a new 52-week high on Thursday. The company traded as high as C$111.47 and last traded at C$111.30, with a volume of 287,078 shares changing hands. The stock had previously closed at C$110.64.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WN shares. Canadian Imperial Bank of Commerce set a C$134.00 price objective on shares of George Weston and gave the stock an “outperformer” rating in a report on Thursday, October 22nd. 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$115.83.

George Weston Trading Up 0.6%

The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 438.92. The company’s fifty day moving average is C$103.99 and its 200-day moving average is C$100.56. The firm has a market capitalization of C$41.65 billion, a P/E ratio of 43.65, a P/E/G ratio of 5.03 and a beta of 0.21.

Insiders Place Their Bets

In other George Weston news, insider Richard Dufresne sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$98.56, for a total transaction of C$1,971,200.00. Following the completion of the sale, the insider directly owned 19,911 shares in the company, valued at C$1,962,428.16. This represents a 50.11% decrease in their ownership of the stock. Over the last three months, insiders have sold 70,000 shares of company stock worth $7,017,600. 59.41% of the stock is owned by insiders.

George Weston Company Profile

George Weston Limited is a Canadian public company founded in 1882. The Company operates through its two reportable operating segments, Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise and wireless mobile products and services. Choice Properties owns, manages and develops a high-quality portfolio of commercial and residential properties across Canada.