George Weston (TSE:WN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of George Weston Limited (TSE:WN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$90.96 and traded as high as C$101.64. George Weston shares last traded at C$100.65, with a volume of 243,419 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce lifted their price target on shares of George Weston from C$100.00 to C$112.00 in a report on Monday, November 17th. BMO Capital Markets increased their price objective on shares of George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. TD Securities lifted their target price on George Weston from C$105.00 to C$108.00 in a research note on Thursday, November 13th. Finally, Desjardins upped their target price on George Weston from C$103.00 to C$110.00 in a report on Friday, December 19th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$107.00.

George Weston Trading Down 0.4%

The firm’s 50-day simple moving average is C$96.07 and its 200 day simple moving average is C$90.96. The stock has a market cap of C$38.48 billion, a P/E ratio of 26.86, a PEG ratio of 5.03 and a beta of 0.48. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

George Weston (TSE:WN) last issued its quarterly earnings data on Friday, November 14th. The company reported C$1.37 earnings per share (EPS) for the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%.The business had revenue of C$19.55 billion during the quarter. As a group, equities research analysts anticipate that George Weston Limited will post 13.0245758 earnings per share for the current year.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.