George Weston (OTCMKTS:WNGRF) Hits New 1-Year High – Time to Buy?

George Weston Ltd. (OTCMKTS:WNGRF) reached a new 52-week high on Monday. The stock traded as high as $78.35 and last traded at $78.35, with a volume of 155 shares changing hands. The stock had previously closed at $71.55.

Analyst Ratings Changes

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

George Weston Stock Performance

The company has a debt-to-equity ratio of 1.01, a current ratio of 1.05 and a quick ratio of 0.60. The company has a market cap of $29.21 billion, a price-to-earnings ratio of 42.21 and a beta of 0.45. The firm has a 50 day simple moving average of $71.56 and a 200-day simple moving average of $71.59.

George Weston (OTCMKTS:WNGRF) last announced its quarterly 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). The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.72 billion. George Weston had a net margin of 1.54% and a return on equity of 14.12%.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian holding and operating company with a long history in the food retail, pharmacy, and real estate sectors. Founded in 1882 by George Weston as a bakery business, the company expanded over time through acquisitions and the development of consumer brands and retail operations.

George Weston’s principal business interests are its ownership stakes in Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw operates supermarkets, pharmacies, and other retail businesses across Canada through banners that include Loblaws, Real Canadian Superstore, No Frills, Shoppers Drug Mart, and Pharmaprix.