George Weston (TSE:WN) Shares Pass Above Two Hundred Day Moving Average on Insider Selling

George Weston Limited (TSE:WNGet Free Report) passed above its two hundred day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a two hundred day moving average of C$232.34 and traded as high as C$273.19. George Weston shares last traded at C$271.97, with a volume of 171,469 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WN shares. CIBC increased their target price on shares of George Weston from C$268.00 to C$296.00 and gave the company an “outperform” rating in a report on Wednesday. Desjardins lowered their target price on George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Scotiabank lifted their price target on George Weston from C$241.00 to C$285.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. Finally, TD Securities increased their price target on shares of George Weston from C$256.00 to C$308.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$274.25.

View Our Latest Stock Analysis on WN

George Weston Price Performance

The company’s 50 day simple moving average is C$246.86 and its 200-day simple moving average is C$232.56. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The company has a market capitalization of C$34.29 billion, a price-to-earnings ratio of 52.87, a PEG ratio of 5.03 and a beta of 0.42.

About George Weston

(Get Free Report)

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%.

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