Richard Dufresne Sells 5,000 Shares of George Weston Limited (TSE:WN) Stock

George Weston Limited (TSE:WN) Senior Officer Richard Dufresne sold 5,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$221.48, for a total transaction of C$1,107,420.50.

Richard Dufresne also recently made the following trade(s):

• On Tuesday, September 3rd, Richard Dufresne sold 5,000 shares of George Weston stock. The shares were sold at an average price of C$218.51, for a total transaction of C$1,092,546.00.
• On Friday, August 30th, Richard Dufresne sold 2,700 shares of George Weston stock. The stock was sold at an average price of C$218.89, for a total transaction of C$591,000.03.

George Weston Trading Up 1.0 %

TSE:WN opened at C$224.24 on Thursday. The stock has a market cap of C$29.63 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.70 and a beta of 0.42. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. George Weston Limited has a 1 year low of C$144.41 and a 1 year high of C$224.44. The business has a fifty day moving average of C$213.60 and a 200-day moving average of C$195.87.

George Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be given a $0.82 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.28 dividend on an annualized basis and a yield of 1.46%. George Weston’s dividend payout ratio is presently 36.94%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WN shares. Desjardins increased their price target on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Securities cut their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. CIBC upped their price target on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$229.67.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.