George Weston Limited (TSE:WN) Director Sells C$25,247,455.74 in Stock
George Weston Limited (TSE:WN) Director Paviter Singh Binning sold 235,926 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$107.01, for a total value of C$25,247,455.74. Following the sale, the director now owns 78,593 shares in the company, valued at approximately C$8,410,574.88.
TSE:WN opened at C$107.42 on Thursday. The company has a debt-to-equity ratio of 163.39, a current ratio of 1.26 and a quick ratio of 0.71. George Weston Limited has a fifty-two week low of C$86.72 and a fifty-two week high of C$108.53. The stock’s 50-day moving average is C$103.35 and its two-hundred day moving average is C$99.81. The stock has a market cap of $16.50 billion and a PE ratio of 976.55.
Several equities analysts have weighed in on WN shares. BMO Capital Markets lowered their target price on George Weston from C$116.00 to C$110.00 in a research note on Monday, July 29th. CIBC lifted their target price on George Weston from C$114.00 to C$116.00 in a research note on Monday, July 29th.
George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company operates through three segments: Weston Foods, Loblaw, and Choice Properties. The Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, tortillas, cakes, donuts, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience store chains, food service distributors, and outlets.
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