George Weston (TSE:WN) Shares Cross Above 200-Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$96.67 and traded as high as C$97.20. George Weston shares last traded at C$96.76, with a volume of 254,396 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WN. Canadian Imperial Bank of Commerce dropped their target price on George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. TD Securities upped their target price on George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Scotia dropped their target price on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, George Weston presently has a consensus rating of “Moderate Buy” and an average target price of C$108.86.

George Weston Trading Up 0.3%

The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08. The company has a 50-day simple moving average of C$96.96 and a 200 day simple moving average of C$96.67. The firm has a market cap of C$36.48 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 5.03 and a beta of 0.54.

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

Insider Activity at George Weston

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

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.