George Weston (TSE:WN) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

George Weston Limited (TSE:WN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$97.02 and traded as high as C$103.75. George Weston shares last traded at C$103.47, with a volume of 527,113 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotia decreased their price target on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. TD Securities increased their price target on shares of George Weston from C$108.00 to C$121.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, George Weston currently has an average rating of “Moderate Buy” and a consensus target price of C$108.86.

George Weston Stock Up 3.8%

The company has a market cap of C$39.01 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 5.03 and a beta of 0.32. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08. The business has a fifty day moving average of C$97.29 and a two-hundred day moving average of C$97.02.

George Weston (TSE:WN) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. The company had revenue of C$14.64 billion during the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%. As a group, equities analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

Insider Buying and Selling

In other George Weston news, Director Willard Galen Garfield Weston sold 21,729 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the completion of the transaction, the director owned 85,584 shares of the company’s stock, valued at C$8,136,470.88. This represents a 20.25% decrease in their ownership of the stock. Also, insider Richard Dufresne sold 6,825 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of C$95.07, for a total value of C$648,852.75. Following the transaction, the insider directly owned 19,911 shares of the company’s stock, valued at C$1,892,938.77. The trade was a 25.53% decrease in their position. 59.41% of the stock is owned by corporate insiders.

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%. 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.