George Weston (TSE:WN) Share Price Crosses Above Two Hundred Day Moving Average of $168.17

Shares of George Weston Limited (TSE:WN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$168.17 and traded as high as C$182.03. George Weston shares last traded at C$180.82, with a volume of 94,195 shares.

Wall Street Analyst Weigh In

WN has been the topic of several research reports. BMO Capital Markets raised their price objective on George Weston from C$172.00 to C$185.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. CIBC raised their price objective on George Weston from C$213.00 to C$222.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Royal Bank of Canada raised their price objective on George Weston from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, TD Securities raised their price objective on George Weston from C$205.00 to C$215.00 and gave the stock a “buy” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, George Weston presently has a consensus rating of “Moderate Buy” and a consensus target price of C$201.00.

George Weston Price Performance

The stock has a fifty day moving average price of C$179.41 and a 200-day moving average price of C$168.17. The firm has a market capitalization of C$24.30 billion, a PE ratio of 16.82, a P/E/G ratio of 1.70 and a beta of 0.38. The company has a debt-to-equity ratio of 158.23, a quick ratio of 0.73 and a current ratio of 1.24.

George Weston (TSE:WN) last announced its earnings results on Wednesday, February 28th. The company reported C$2.51 earnings per share for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The firm had revenue of C$14.70 billion for the quarter. Sell-side analysts forecast that George Weston Limited will post 11.876494 EPS for the current fiscal year.

George Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.713 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.85 annualized dividend and a yield of 1.58%. George Weston’s dividend payout ratio (DPR) is 26.51%.

Insider Buying and Selling

In other George Weston news, Director Willard Galen Garfield Weston sold 79,200 shares of George Weston stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. In other George Weston news, Senior Officer Rashid Wasti sold 1,086 shares of George Weston stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$176.24, for a total transaction of C$191,393.60. Also, Director Willard Galen Garfield Weston sold 79,200 shares of George Weston stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total value of C$11,474,503.92. Insiders have sold a total of 151,008 shares of company stock worth $24,350,724 in the last ninety days. 58.56% of the stock is owned by insiders.

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.