George Weston (TSE:WN) Insider Sells C$2,009,400.00 in Stock

George Weston Limited (TSE:WN) insider Richard Dufresne sold 20,000 shares of George Weston stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of C$100.47, for a total value of C$2,009,400.00. Following the completion of the transaction, the insider owned 19,911 shares in the company, valued at C$2,000,458.17. This trade represents a 50.11% decrease in their position.

Richard Dufresne also recently made the following trade(s):

• On Thursday, September 17th, Richard Dufresne sold 10,000 shares of George Weston stock. The shares were sold at an average price of C$101.04, for a total transaction of C$1,010,400.00.
• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$98.56, for a total transaction of C$1,971,200.00.
• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$101.33, for a total transaction of C$2,026,600.00.

George Weston Trading Down 1.2%

TSE WN opened at C$100.59 on Thursday. George Weston Limited has a 52 week low of C$82.77 and a 52 week high of C$107.94. The company has a 50 day moving average price of C$101.01 and a 200 day moving average price of C$99.48. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 438.92. The firm has a market cap of C$37.64 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 5.03 and a beta of 0.24.

George Weston (TSE:WN) last released its quarterly earnings results on Friday, July 31st. The company reported C$1.08 earnings per share (EPS) for the quarter. George Weston had a net margin of 1.59% and a return on equity of 20.42%. The business had revenue of C$15.20 billion for the quarter. As a group, sell-side analysts forecast that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$103.00 to C$113.00 in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, George Weston presently has a consensus rating of “Moderate Buy” and a consensus target price of C$113.00.

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.