George Weston Ltd. (OTCMKTS:WNGRF) Receives Consensus Rating of “Moderate Buy” from Brokerages

George Weston Ltd. (OTCMKTS:WNGRF) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of brokerages recently weighed in on WNGRF. CIBC reaffirmed an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. Desjardins reissued a “buy” rating on shares of George Weston in a report on Monday, November 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of George Weston in a report on Monday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Finally, Scotiabank reissued a “sector perform” rating on shares of George Weston in a research note on Monday, November 17th.

George Weston Price Performance

OTCMKTS:WNGRF opened at $69.74 on Friday. George Weston has a 52-week low of $50.77 and a 52-week high of $72.21. The stock has a fifty day moving average of $68.74 and a 200 day moving average of $65.04. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 25.73 and a beta of 0.55.

George Weston (OTCMKTS:WNGRF) last released its quarterly earnings results on Friday, November 14th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. George Weston had a return on equity of 13.21% and a net margin of 2.37%.The firm had revenue of $14.04 billion for the quarter, compared to analysts’ expectations of $16.95 billion.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.