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

George Weston Limited (TSE:WN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$96.24 and traded as high as C$97.64. George Weston shares last traded at C$97.31, with a volume of 363,797 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reduced their price target on George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. TD Securities lifted their price target on George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a report on Friday, February 27th. Royal Bank Of Canada lifted their price target on George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Scotia reduced their price target on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, George Weston presently has an average rating of “Moderate Buy” and a consensus target price of C$108.86.

George Weston Stock Performance

The stock’s 50-day simple moving average is C$97.04 and its 200 day simple moving average is C$96.33. The company has a debt-to-equity ratio of 411.08, a quick ratio of 0.73 and a current ratio of 1.11. The company has a market capitalization of C$36.37 billion, a PE ratio of 33.73, a P/E/G ratio of 5.03 and a beta of 0.54.

George Weston (TSE:WN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. The company had revenue of C$14.64 billion for the quarter. As a group, research analysts expect that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard Dufresne sold 6,825 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of C$95.07, for a total value of C$648,852.75. Following the transaction, the insider directly owned 19,911 shares of the company’s stock, valued at C$1,892,938.77. This trade represents a 25.53% decrease in their position. Also, Director Willard Galen Garfield Weston sold 21,729 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the completion of the transaction, the director directly owned 85,584 shares in the company, valued at C$8,136,470.88. This trade represents a 20.25% decrease in their ownership of the stock. Corporate insiders own 59.41% of the company’s stock.

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.