George Weston (TSE:WN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

George Weston Limited (TSE:WN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$90.29 and traded as high as C$97.23. George Weston shares last traded at C$94.97, with a volume of 506,094 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on WN shares. Desjardins upped their price target on shares of George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. Royal Bank Of Canada boosted their price objective on shares of 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. CIBC raised their target price on shares of George Weston from C$100.00 to C$112.00 in a research note on Monday, November 17th. TD Securities lifted their price target on George Weston from C$105.00 to C$108.00 in a report on Thursday, November 13th. Finally, BMO Capital Markets upped their price objective on George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$107.00.

George Weston Price Performance

The stock has a market capitalization of C$36.31 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 5.03 and a beta of 0.45. The company’s 50-day simple moving average is C$95.43 and its 200-day simple moving average is C$90.29. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73.

George Weston (TSE:WN) last announced its earnings results on Friday, November 14th. The company reported C$1.37 earnings per share for the quarter. The company had revenue of C$19.55 billion for the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%. Research analysts forecast that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

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.