George Weston (WN) to Release Quarterly Earnings on Tuesday

George Weston (TSE:WN - Get Free Report) is scheduled to announce its earnings results before the market opens on Tuesday, November 19th.

George Weston Trading Up 1.2 %

TSE WN traded up C$2.67 during trading hours on Tuesday, hitting C$233.56. The company's stock had a trading volume of 174,729 shares, compared to its average volume of 126,487. The stock has a fifty day moving average of C$223.38 and a 200 day moving average of C$208.29. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. The firm has a market capitalization of C$30.86 billion, a P/E ratio of 26.06, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a twelve month low of C$155.00 and a twelve month high of C$236.30.

Analysts Set New Price Targets

WN has been the subject of a number of research reports. Scotiabank upgraded George Weston to a "hold" rating in a report on Wednesday, October 30th. Desjardins boosted their price objective on shares of George Weston from C$212.00 to C$232.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. TD Securities decreased their target price on shares of George Weston from C$246.00 to C$242.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada increased their price objective on shares of George Weston from C$230.00 to C$253.00 in a research note on Tuesday. Finally, BMO Capital Markets raised their target price on shares of George Weston from C$196.00 to C$220.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$235.50.

Insider Activity at George Weston

In other news, Senior Officer Rashid Wasti bought 1,300 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of C$21.63 per share, with a total value of C$28,119.00. In other news, Senior Officer Richard Dufresne sold 5,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$218.51, for a total transaction of C$1,092,546.00. Also, Senior Officer Rashid Wasti purchased 1,300 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$21.63 per share, with a total value of C$28,119.00. In the last 90 days, insiders purchased 7,900 shares of company stock valued at $170,948 and sold 54,265 shares valued at $12,210,568. 59.41% of the stock is owned by corporate insiders.

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.