George Weston (OTCMKTS:WNGRF) Shares Gap Up – Here’s What Happened

George Weston Ltd. (OTCMKTS:WNGRF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $72.0720, but opened at $75.5565. George Weston shares last traded at $75.5565, with a volume of 679 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upgraded shares of George Weston from a “market perform” rating to an “outperform” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, George Weston currently has an average rating of “Moderate Buy”.

George Weston Stock Up 3.8%

The business has a 50-day moving average price of $71.76 and a 200-day moving average price of $71.15. The company has a market capitalization of $28.34 billion, a price-to-earnings ratio of 36.34 and a beta of 0.47. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.06.

George Weston (OTCMKTS:WNGRF) last announced its earnings results on Tuesday, May 12th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.07). George Weston had a net margin of 1.74% and a return on equity of 13.95%. The company had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.53 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.