George Weston (TSE:WN) Reaches New 12-Month High - Time to Buy?

Shares of George Weston Limited (TSE:WN - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$254.61 and last traded at C$254.77, with a volume of 148456 shares changing hands. The stock had previously closed at C$251.96.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada raised their price target on George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. CIBC lowered their price target 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. Scotiabank lowered George Weston from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from C$240.00 to C$241.00 in a report on Thursday, February 27th. Finally, Desjardins decreased their target price on George Weston from C$255.00 to C$251.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$254.75.

George Weston Stock Up 1.0 %

The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The business has a fifty day simple moving average of C$235.95 and a two-hundred day simple moving average of C$228.53. The company has a market cap of C$33.40 billion, a PE ratio of 51.50, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Activity at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the firm's stock in a transaction on 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 company's stock in a transaction on 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. Over the last 90 days, insiders purchased 4,000 shares of company stock valued at $90,780 and sold 77,461 shares valued at $17,949,441. 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%.