George Weston (TSE:WN) Insider Richard Dufresne Sells 6,825 Shares

George Weston Limited (TSE:WN) insider Richard Dufresne sold 6,825 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of C$95.07, for a total transaction of C$648,852.75. Following the completion of the sale, the insider directly owned 19,911 shares of the company’s stock, valued at C$1,892,938.77. The trade was a 25.53% decrease in their ownership of the stock.

George Weston Stock Up 1.1%

TSE:WN traded up C$1.07 on Friday, hitting C$97.44. The stock had a trading volume of 320,800 shares, compared to its average volume of 354,741. George Weston Limited has a 1 year low of C$78.11 and a 1 year high of C$104.50. The firm’s fifty day simple moving average is C$98.45 and its two-hundred day simple moving average is C$93.29. The company has a debt-to-equity ratio of 370.81, a quick ratio of 0.73 and a current ratio of 1.10. The stock has a market cap of C$36.96 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 5.03 and a beta of 0.51.

George Weston (TSE:WN) last announced its earnings results on Wednesday, March 4th. The company reported C$1.21 earnings per share for the quarter. The firm had revenue of C$15.86 billion for the quarter. George Weston had a return on equity of 21.94% and a net margin of 1.90%. Analysts predict that George Weston Limited will post 13.0245758 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Securities upped their price objective on George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Desjardins lifted their target price on George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. Finally, Royal Bank Of Canada boosted their price target on shares of George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$109.17.

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.