George Weston (OTCMKTS:WNGRF) Trading Up 6.5% – Here’s What Happened

George Weston Ltd. (OTCMKTS:WNGRF)’s stock price was up 6.5% during mid-day trading on Tuesday . The company traded as high as $66.26 and last traded at $66.26. Approximately 200 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 5,404 shares. The stock had previously closed at $62.22.

Wall Street Analyst Weigh In

WNGRF has been the topic of several recent analyst reports. TD Securities reiterated a “buy” rating on shares of George Weston in a report on Monday, July 28th. Desjardins reaffirmed a “buy” rating on shares of George Weston in a research report on Monday. BMO Capital Markets reissued a “market perform” rating on shares of George Weston in a research note on Monday. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research report on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of George Weston in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

George Weston Price Performance

The firm’s fifty day moving average is $61.95 and its 200 day moving average is $133.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.77 and a current ratio of 1.37. The firm has a market cap of $25.66 billion, a P/E ratio of 36.45 and a beta of 0.55.

George Weston (OTCMKTS:WNGRF) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $16.95 billion. George Weston had a net margin of 1.67% and a return on equity of 12.84%.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.