George Weston (OTCMKTS:WNGRF) Sets New 1-Year High – Here’s What Happened

George Weston Ltd. (OTCMKTS:WNGRF) shares hit a new 52-week high on Wednesday . The company traded as high as $67.18 and last traded at $67.07, with a volume of 13350 shares changing hands. The stock had previously closed at $65.50.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WNGRF. Scotiabank reissued a “sector perform” rating on shares of George Weston in a research report on Monday. TD Securities reiterated a “buy” rating on shares of George Weston in a research report on Monday, July 28th. Desjardins restated a “buy” rating on shares of George Weston in a report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of George Weston in a research note on Monday. Finally, CIBC reissued an “outperform” rating on shares of George Weston in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, George Weston presently has a consensus rating of “Moderate Buy”.

George Weston Price Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.37 and a quick ratio of 0.77. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of 36.45 and a beta of 0.55. The stock’s 50 day simple moving average is $61.81 and its 200-day simple moving average is $133.94.

George Weston (OTCMKTS:WNGRF) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $14.04 billion for the quarter, compared to analyst estimates of $16.95 billion. George Weston had a net margin of 1.67% and a return on equity of 12.84%.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.