George Weston (TSE:WN) Share Price Passes Above 200 Day Moving Average - Here's What Happened

George Weston Limited (TSE:WN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$222.53 and traded as high as C$223.45. George Weston shares last traded at C$223.10, with a volume of 156,943 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Scotiabank upgraded George Weston from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$218.00 to C$240.00 in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price target on George Weston from C$253.00 to C$266.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Desjardins increased their price objective on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. TD Securities boosted their target price on shares of George Weston from C$242.00 to C$263.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Finally, CIBC upped their price target on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, George Weston has an average rating of "Moderate Buy" and a consensus target price of C$252.42.

George Weston Trading Down 1.8 %

The company has a market capitalization of C$27.95 billion, a price-to-earnings ratio of 43.09, a P/E/G ratio of 5.03 and a beta of 0.42. 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's 50 day moving average price is C$223.80 and its two-hundred day moving average price is C$222.73.

Insider Buying and Selling at George Weston

In other news, Senior Officer Richard Dufresne sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of C$221.72, for a total transaction of C$1,108,589.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Insiders have sold 15,150 shares of company stock worth $3,393,420 over the last quarter. Corporate insiders own 59.41% of the company's stock.

George Weston Company Profile

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%.