George Weston (TSE:WN) Shares Cross Above 200-Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$96.67 and traded as high as C$97.20. George Weston shares last traded at C$96.76, with a volume of 254,396 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WN. Canadian Imperial Bank of Commerce lowered their target price on shares of George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. TD Securities boosted their target price on shares of George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Scotia lowered their target price on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$108.86.

George Weston Price Performance

The firm has a market capitalization of C$36.48 billion, a P/E ratio of 33.83, a P/E/G ratio of 5.03 and a beta of 0.54. The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. The stock’s fifty day simple moving average is C$96.96 and its 200 day simple moving average is C$96.67.

George Weston (TSE:WN) last announced its earnings results on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. The business had revenue of C$14.64 billion during the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. On average, equities research analysts predict that George Weston Limited will post 13.0245758 EPS for the current year.

Insider Transactions at George Weston

In other news, insider Richard Dufresne sold 6,825 shares of the business’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$648,852.75. Following the sale, the insider owned 19,911 shares in the company, valued at approximately C$1,892,938.77. The trade was a 25.53% decrease in their ownership of the stock. Also, Director Willard Galen Garfield Weston sold 21,729 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of C$95.07, for a total value of C$2,065,776.03. Following the sale, the director owned 85,584 shares in the company, valued at C$8,136,470.88. The trade was a 20.25% decrease in their position. 59.41% of the stock is currently owned by 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%. 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.