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

George Weston Limited (TSE:WN)’s share price hit a new 52-week high on Monday . The stock traded as high as C$97.49 and last traded at C$96.52, with a volume of 85648 shares. The stock had previously closed at C$95.83.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. TD Securities boosted their price objective on shares of George Weston from C$105.00 to C$108.00 in a report on Thursday, November 13th. Scotiabank boosted their price target on George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. CIBC increased their price target on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Finally, BMO Capital Markets lifted their price objective on George Weston from C$95.00 to C$98.00 in a report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, George Weston presently has an average rating of “Moderate Buy” and an average target price of C$104.39.

George Weston Stock Performance

The company’s 50-day simple moving average is C$88.63 and its 200-day simple moving average is C$88.70. The stock has a market capitalization of C$36.19 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 5.03 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

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