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

George Weston Limited (TSE:WN - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$226.83 and traded as high as C$245.05. George Weston shares last traded at C$239.49, with a volume of 172,309 shares traded.

Analyst Ratings Changes

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

George Weston Price Performance

The company has a market capitalization of C$31.90 billion, a price-to-earnings ratio of 49.19, a PEG 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 company's 50 day simple moving average is C$232.86 and its 200-day simple moving average is C$227.53.

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Insiders Place Their Bets

In other news, Director Willard Galen Garfield Weston sold 7,248 shares of George Weston stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$236.64, for a total value of C$1,715,131.20. Also, Senior Officer Rashid Wasti sold 250 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$231.30, for a total transaction of C$57,825.00. In the last ninety days, insiders have acquired 4,000 shares of company stock valued at $90,780 and have sold 77,461 shares valued at $17,949,441. 59.41% of the stock is owned by corporate insiders.

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%.