George Weston (TSE:WN) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

George Weston Limited (TSE:WN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$97.46 and traded as high as C$103.68. George Weston shares last traded at C$103.23, with a volume of 347,231 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotia cut 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. Canadian Imperial Bank of Commerce dropped their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, TD Securities boosted their price objective on shares of George Weston from C$108.00 to C$121.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$108.86.

George Weston Stock Performance

The stock has a 50-day moving average of C$98.03 and a 200 day moving average of C$97.46. 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 has a market capitalization of C$38.92 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 5.03 and a beta of 0.32.

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

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.