George Weston (TSE:WN) Hits New 52-Week High – Here’s What Happened

George Weston Limited (TSE:WN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$99.38 and last traded at C$99.24, with a volume of 47719 shares traded. The stock had previously closed at C$97.05.

Wall Street Analyst Weigh In

A number of research analysts have commented on WN shares. Desjardins increased their price objective on shares of George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. TD Securities lifted their target price on George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. Royal Bank Of Canada upped their price target on George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. CIBC lifted their price objective on shares of George Weston from C$100.00 to C$112.00 in a report on Monday, November 17th. Finally, BMO Capital Markets boosted their target price on shares of George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, George Weston has an average rating of “Moderate Buy” and a consensus target price of C$107.00.

George Weston Price Performance

The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The stock’s 50-day moving average price is C$95.48 and its 200 day moving average price is C$90.39. The firm has a market cap of C$38.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 5.03 and a beta of 0.45.

George Weston (TSE:WN) last posted its quarterly earnings results 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 firm had revenue of C$19.55 billion during the quarter. Equities research analysts predict that George Weston Limited will post 13.0245758 earnings per share for the current 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.