George Weston (TSE:WN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

George Weston Limited (TSE:WN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$89.02 and traded as high as C$95.63. George Weston shares last traded at C$95.27, with a volume of 337,761 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WN shares. BMO Capital Markets raised their price target on shares of George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. CIBC raised their target price on George Weston from C$100.00 to C$112.00 in a report on Monday, November 17th. TD Securities lifted their target price on George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. Finally, Scotiabank increased their price target on George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$104.39.

George Weston Stock Performance

The company’s 50-day simple moving average is C$90.75 and its 200 day simple moving average is C$89.02. The stock has a market cap of C$36.42 billion, a P/E ratio of 25.43, a PEG ratio of 5.03 and a beta of 0.42. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

George Weston (TSE:WN) last issued its quarterly earnings results on Friday, November 14th. The company reported C$1.37 EPS for the quarter. The company had revenue of C$19.55 billion during the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%. As a group, sell-side analysts expect that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%.