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

George Weston Limited (TSE:WN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$87.65 and traded as high as C$90.19. George Weston shares last traded at C$89.21, with a volume of 345,381 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WN. Scotiabank raised their price target on George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Royal Bank Of Canada raised their target price on George Weston from C$105.33 to C$107.67 in a research note on Wednesday, July 30th. BMO Capital Markets raised their target price on George Weston from C$90.33 to C$94.67 in a research note on Wednesday, July 30th. TD Securities raised their target price on George Weston from C$102.67 to C$104.33 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Desjardins raised their target price on George Weston from C$100.00 to C$101.67 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$101.00.

George Weston Price Performance

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 firm has a market cap of C$34.34 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 5.03 and a beta of 0.47. The stock has a 50-day moving average of C$86.80 and a two-hundred day moving average of C$87.65.

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%.