George Weston (OTCMKTS:WNGRF) Stock Price Passes Below 200 Day Moving Average – Here’s Why

George Weston Ltd. (OTCMKTS:WNGRF) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $71.41 and traded as low as $71.11. George Weston shares last traded at $71.11, with a volume of 8,003 shares.

Wall Street Analyst Weigh In

WNGRF has been the subject of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of George Weston in a research note on Monday, August 3rd. Scotiabank reiterated a “sector perform” rating on shares of George Weston in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

George Weston Stock Down 1.4%

The stock has a market cap of $26.55 billion, a P/E ratio of 38.31 and a beta of 0.44. The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 1.01. The company has a 50-day simple moving average of $72.34 and a two-hundred day simple moving average of $71.41.

George Weston (OTCMKTS:WNGRF) last issued its earnings results on Friday, July 31st. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). George Weston had a return on equity of 14.12% and a net margin of 1.54%.The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.72 billion.

About George Weston

George Weston Limited is a Canadian holding and investment company with a long history in the food retail, consumer products and real estate sectors. Founded in 1882 by George Weston as a bakery business, the company has grown into one of Canada’s major corporate enterprises through a portfolio of operating and real estate investments.

Its principal operating investment is Loblaw Companies Limited, Canada’s largest food and pharmacy retailer. Loblaw operates supermarkets, discount grocery stores, drugstores and other retail banners, including Loblaws, Real Canadian Superstore, No Frills, Shoppers Drug Mart and Maxi.