George Weston (OTCMKTS:WNGRF) Shares Gap Up – Still a Buy?

George Weston Ltd. (OTCMKTS:WNGRF) shares gapped up prior to trading on Wednesday. The stock had previously closed at $70.22, but opened at $72.96. George Weston shares last traded at $72.96, with a volume of 502 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WNGRF shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of George Weston in a report on Monday, August 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, George Weston has an average rating of “Moderate Buy”.

George Weston Trading Up 2.0%

The company has a 50 day moving average of $71.57 and a 200-day moving average of $71.52. The stock has a market cap of $27.20 billion, a price-to-earnings ratio of 39.31 and a beta of 0.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.60 and a current ratio of 1.05.

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

About George Weston

George Weston Limited is a Canadian holding company with principal interests in food retailing, consumer products and commercial real estate. Its largest operating investment is Loblaw Companies Limited, which operates supermarkets, discount stores, pharmacies and other retail businesses across Canada under brands including Loblaws, No Frills, Real Canadian Superstore, Shoppers Drug Mart and T&T. Loblaw also provides financial services and operates loyalty and consumer-commerce platforms.

George Weston also has an interest in Choice Properties Real Estate Investment Trust, a Canadian owner and operator of retail and commercial properties.