Willard Galen Garfield Weston Sells 21,729 Shares of George Weston (TSE:WN) Stock

George Weston Limited (TSE:WN) Director Willard Galen Garfield Weston sold 21,729 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the sale, the director owned 85,584 shares of the company’s stock, valued at C$8,136,470.88. This trade represents a 20.25% decrease in their position.

George Weston Stock Performance

Shares of WN stock opened at C$97.44 on Monday. The company has a debt-to-equity ratio of 370.81, a quick ratio of 0.73 and a current ratio of 1.10. The firm has a market cap of C$36.96 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 5.03 and a beta of 0.51. George Weston Limited has a 52 week low of C$78.11 and a 52 week high of C$104.50. The firm’s 50-day simple moving average is C$98.45 and its two-hundred day simple moving average is C$93.33.

George Weston (TSE:WN) last released its earnings results on Wednesday, March 4th. The company reported C$1.21 earnings per share for the quarter. George Weston had a net margin of 1.90% and a return on equity of 21.94%. The firm had revenue of C$15.86 billion during the quarter. As a group, equities analysts forecast that George Weston Limited will post 13.0245758 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on WN. Desjardins increased their price objective on George Weston from C$103.00 to C$110.00 in a report on Friday, December 19th. TD Securities upped their price target on George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada increased their price target on George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$109.17.

About George Weston

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.