George Weston (OTCMKTS:WNGRF) Sets New 1-Year High – Time to Buy?

Shares of George Weston Ltd. (OTCMKTS:WNGRF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $75.92 and last traded at $75.92, with a volume of 101 shares traded. The stock had previously closed at $72.42.

Analyst Ratings Changes

A number of research firms have issued reports on WNGRF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. Royal Bank Of Canada restated an “outperform” rating on shares of George Weston in a report on Monday, November 17th. BMO Capital Markets reiterated a “market perform” rating on shares of George Weston in a research report on Monday, November 17th. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research note on Monday, November 17th. Finally, Desjardins restated a “buy” rating on shares of George Weston in a report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, George Weston currently has an average rating of “Moderate Buy”.

George Weston Stock Up 4.8%

The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a 50-day simple moving average of $69.43 and a 200 day simple moving average of $65.47. The company has a market cap of $28.81 billion, a P/E ratio of 28.02 and a beta of 0.55.

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

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.