George Weston Limited (OTCMKTS:WNGRF) Short Interest Update

George Weston Limited (OTCMKTS:WNGRF – Get Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 177,300 shares, a growth of 52.6% from the April 15th total of 116,200 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 136.4 days.

Shares of WNGRF stock opened at $119.95 on Friday. George Weston has a 1-year low of $93.59 and a 1-year high of $127.97. The stock’s fifty day moving average price is $123.36 and its 200 day moving average price is $115.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.46 and a quick ratio of 0.93. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 27.96 and a beta of 0.53.

George Weston (OTCMKTS:WNGRF – Get Rating) last announced its earnings results on Wednesday, March 2nd. The company reported $1.84 earnings per share for the quarter. The firm had revenue of $10.24 billion for the quarter. George Weston had a return on equity of 9.80% and a net margin of 1.55%.

Several equities research analysts have recently issued reports on the company. CIBC lowered their price objective on George Weston from C$175.00 to C$171.00 in a research note on Friday, January 21st. TD Securities raised their price target on George Weston from C$175.00 to C$185.00 in a research note on Wednesday, March 16th. Scotiabank raised their price target on George Weston from C$174.00 to C$177.00 in a research note on Thursday. Finally, Royal Bank of Canada lifted their target price on George Weston from C$165.00 to C$179.00 in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $170.00.

About George Weston (Get Rating)

George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.

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