George Weston Ltd. (OTCMKTS:WNGRF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of George Weston Ltd. (OTCMKTS:WNGRF) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several equities research analysts recently commented on the stock. Desjardins restated a “buy” rating on shares of George Weston in a research report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of George Weston in a research report on Monday, November 17th. CIBC reissued an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Finally, Scotiabank reissued a “sector perform” rating on shares of George Weston in a research note on Monday, November 17th.

George Weston Trading Down 3.2%

Shares of OTCMKTS WNGRF opened at $69.74 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 1.20. George Weston has a 12 month low of $50.77 and a 12 month high of $72.21. The company has a market cap of $26.47 billion, a price-to-earnings ratio of 25.73 and a beta of 0.56. The business has a fifty day simple moving average of $68.72 and a 200-day simple moving average of $65.01.

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

George Weston Company Profile

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.