George Weston (TSE:WN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of George Weston Limited (TSE:WN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$97.74 and traded as high as C$105.00. George Weston shares last traded at C$104.79, with a volume of 265,090 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Securities boosted their price target on 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. Scotia reduced their price objective on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. Three research 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 company currently has a consensus rating of “Moderate Buy” and an average target price of C$108.86.

George Weston Trading Up 1.8%

The stock’s 50 day moving average is C$98.41 and its 200-day moving average is C$97.74. The company has a market cap of C$39.51 billion, a P/E ratio of 36.64, a PEG ratio of 5.03 and a beta of 0.32. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08.

George Weston (TSE:WN) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 earnings per share 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%. Research analysts anticipate that George Weston Limited will post 13.0245758 earnings per share for the current fiscal 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.