George Weston (TSE:WN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$98.95 and traded as high as C$105.35. George Weston shares last traded at C$104.63, with a volume of 143,613 shares changing hands.

Analyst Upgrades and Downgrades

WN has been the subject of several recent research reports. Canadian Imperial Bank of Commerce reduced their price objective on George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. BMO Capital Markets raised George Weston from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$103.00 to C$113.00 in a research report on Monday, July 20th. Finally, Scotia cut their target price on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$111.00.

George Weston Price Performance

The firm has a market cap of C$39.45 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 5.03 and a beta of 0.31. The company’s fifty day moving average is C$101.13 and its 200 day moving average is C$98.95. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 411.08.

George Weston (TSE:WN) last issued its quarterly 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 firm had revenue of C$14.64 billion for the quarter. On average, equities research analysts predict 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.