George Weston (TSE:WN) Hits New 1-Year High – Here’s Why

George Weston Limited (TSE:WN)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$98.00 and last traded at C$97.72, with a volume of 37342 shares changing hands. The stock had previously closed at C$96.54.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. CIBC upped their target price on George Weston from C$100.00 to C$112.00 in a report on Monday, November 17th. BMO Capital Markets boosted their price objective on George Weston from C$95.00 to C$98.00 in a report on Monday, November 17th. Desjardins upped their price objective on shares of George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. Finally, TD Securities lifted their target price on shares of George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$105.78.

George Weston Stock Performance

The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The firm has a market cap of C$36.73 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 5.03 and a beta of 0.45. The firm’s 50 day moving average is C$94.19 and its 200-day moving average is C$89.77.

George Weston (TSE:WN) last issued its quarterly earnings data on Friday, November 14th. The company reported C$1.37 EPS for the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%.The business had revenue of C$19.55 billion for the quarter. Sell-side analysts anticipate that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

About George Weston

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.