George Weston (TSE:WN) Sets New 1-Year High - Still a Buy?

George Weston Limited (TSE:WN - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$243.39 and last traded at C$242.64, with a volume of 7889 shares traded. The stock had previously closed at C$239.98.

Analyst Ratings Changes

Several research analysts have commented on the stock. Scotiabank lowered shares of George Weston from an "outperform" rating to a "sector perform" rating and lifted their price objective for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. CIBC dropped their price target on shares of George Weston from C$269.00 to C$268.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Desjardins reduced their price objective on shares of George Weston from C$255.00 to C$251.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Royal Bank of Canada dropped their target price on George Weston from C$266.00 to C$264.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$251.42.

George Weston Trading Down 1.8 %

The company's fifty day moving average is C$230.29 and its 200-day moving average is C$226.61. The company has a market capitalization of C$32.04 billion, a PE ratio of 49.41, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73.

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Insider Activity

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Also, Director Willard Galen Garfield Weston sold 57,463 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$231.03, for a total value of C$13,275,441.29. In the last ninety days, insiders have bought 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. Company 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%.