George Weston (OTCMKTS:WNGRF) Hits New 52-Week High – Here’s What Happened

George Weston Ltd. (OTCMKTS:WNGRF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $72.42 and last traded at $72.42, with a volume of 500 shares. The stock had previously closed at $69.74.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. CIBC reaffirmed an “outperform” rating on shares of George Weston in a report on Monday, November 17th. Desjardins reaffirmed a “buy” rating on shares of George Weston in a research note on Monday, November 17th. Scotiabank reiterated a “sector perform” rating on shares of George Weston in a report on Monday, November 17th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of George Weston in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, George Weston presently has a consensus rating of “Moderate Buy”.

George Weston Stock Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.42 and a quick ratio of 0.80. The stock has a market capitalization of $27.48 billion, a P/E ratio of 26.72 and a beta of 0.55. The company has a fifty day moving average of $68.85 and a two-hundred day moving average of $65.09.

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

About George Weston

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.