George Weston (TSE:WN) Sets New 12-Month High - Here's Why

Shares of George Weston Limited (TSE:WN - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$259.76 and last traded at C$257.80, with a volume of 71412 shares traded. The stock had previously closed at C$257.27.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. Desjardins cut their price target on shares of George Weston from C$255.00 to C$251.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. CIBC cut their target price on George Weston from C$269.00 to C$268.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Scotiabank cut George Weston from an "outperform" rating to a "sector perform" rating and upped their price target for the company from C$240.00 to C$241.00 in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$254.75.

George Weston Trading Up 0.2 %

The business's 50-day moving average is C$236.64 and its two-hundred day moving average is C$228.76. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The firm has a market cap of C$33.46 billion, a P/E ratio of 51.60, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling

In other George Weston news, Senior Officer Rashid Wasti purchased 1,500 shares of the business's stock in a transaction on Friday, March 14th. The stock was acquired at an average price of C$21.25 per share, with a total value of C$31,875.00. Also, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Over the last three months, insiders have bought 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. 59.41% of the stock is owned by corporate insiders.

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%.

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