George Weston (TSE:WN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of George Weston Limited (TSE:WN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$92.88 and traded as high as C$99.27. George Weston shares last traded at C$97.39, with a volume of 243,051 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. TD Securities upped their price target on shares of George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Desjardins raised their price objective on shares of George Weston from C$103.00 to C$110.00 in a report on Friday, December 19th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$109.17.

George Weston Price Performance

The firm has a market capitalization of C$36.94 billion, a P/E ratio of 34.78, a PEG ratio of 5.03 and a beta of 0.51. The company has a fifty day moving average of C$98.37 and a 200 day moving average of C$92.88. The company has a debt-to-equity ratio of 370.81, a current ratio of 1.10 and a quick ratio of 0.73.

George Weston (TSE:WN) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$1.21 earnings per share (EPS) for the quarter. The firm had revenue of C$15.86 billion during the quarter. George Weston had a net margin of 1.90% and a return on equity of 21.94%. Sell-side analysts predict that George Weston Limited will post 13.0245758 earnings per share for the current year.

George Weston Company Profile

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.