George Weston Ltd. (OTCMKTS:WNGRF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of George Weston Ltd. (OTCMKTS:WNGRF) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of research analysts have weighed in on WNGRF shares. Desjardins reaffirmed a “buy” rating on shares of George Weston in a research note on Monday, November 17th. BMO Capital Markets restated a “market perform” rating on shares of George Weston in a report on Monday, November 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. CIBC reissued an “outperform” rating on shares of George Weston in a report on Monday, November 17th. Finally, Scotiabank reissued a “sector perform” rating on shares of George Weston in a research note on Monday, November 17th.

George Weston Trading Up 3.8%

OTCMKTS WNGRF opened at $72.42 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 1.20. George Weston has a 52 week low of $50.86 and a 52 week high of $72.42. The business has a 50 day moving average price of $68.92 and a 200-day moving average price of $65.14. The company has a market cap of $27.48 billion, a price-to-earnings ratio of 26.72 and a beta of 0.55.

George Weston (OTCMKTS:WNGRF) last issued its earnings results on Friday, November 14th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $14.04 billion for the quarter, compared to analysts’ expectations of $16.95 billion. George Weston had a return on equity of 13.21% and a net margin of 2.37%.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.