George Weston (TSE:WN) Reaches New 12-Month High – Here’s What Happened

George Weston Limited (TSE:WN)’s stock price hit a new 52-week high on Thursday. The stock traded as high as C$109.04 and last traded at C$109.04, with a volume of 17,137 shares. The stock had previously closed at C$105.42.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised shares of George Weston from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$103.00 to C$113.00 in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and a consensus target price of C$113.00.

George Weston Trading Up 1.3%

The company has a market capitalization of C$41.38 billion, a P/E ratio of 43.36, a PEG ratio of 5.03 and a beta of 0.22. The company has a debt-to-equity ratio of 438.92, a quick ratio of 0.73 and a current ratio of 1.05. The stock has a fifty day moving average of C$100.53 and a 200 day moving average of C$100.17.

George Weston (TSE:WN) last posted its quarterly earnings data on Friday, July 31st. The company reported C$1.08 EPS for the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%. The firm had revenue of C$15.20 billion for the quarter. As a group, equities research analysts anticipate that George Weston Limited will post 13.02 EPS for the current fiscal year.

Insider Transactions at George Weston

In other George Weston news, insider Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of C$101.04, for a total transaction of C$1,010,400.00. Following the sale, the insider owned 19,911 shares in the company, valued at approximately C$2,011,807.44. This trade represents a 33.43% decrease in their position. Over the last ninety days, insiders have sold 70,000 shares of company stock valued at $7,017,600. Corporate insiders own 59.41% of the company’s stock.

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.