George Weston (TSE:WN) Stock Crosses Above 200 Day Moving Average - Here's What Happened

George Weston Limited (TSE:WN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$217.47 and traded as high as C$224.98. George Weston shares last traded at C$223.54, with a volume of 51,476 shares trading hands.

Analyst Ratings Changes

WN has been the subject of a number of analyst reports. Scotiabank reduced their price objective on George Weston from C$222.00 to C$218.00 in a research report on Wednesday, November 20th. Royal Bank of Canada lifted their price target on George Weston from C$253.00 to C$266.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. BMO Capital Markets increased their price objective on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. TD Securities lifted their target price on shares of George Weston from C$242.00 to C$263.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Finally, CIBC upped their target price on shares of George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, George Weston presently has an average rating of "Moderate Buy" and a consensus price target of C$248.75.

George Weston Price Performance

The firm has a fifty day moving average of C$226.58 and a 200 day moving average of C$217.68. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. The company has a market capitalization of C$29.54 billion, a P/E ratio of 25.17, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Transactions at George Weston

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total transaction of C$35,317.50. Over the last three months, insiders purchased 3,000 shares of company stock worth $65,080 and sold 15,150 shares worth $3,393,420. Company insiders own 59.41% of the company's stock.

George Weston Company Profile

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.