George Weston (TSE:WN) Director Willard Galen Garfield Weston Sells 21,729 Shares of Stock

George Weston Limited (TSE:WN) Director Willard Galen Garfield Weston sold 21,729 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the sale, the director owned 85,584 shares of the company’s stock, valued at approximately C$8,136,470.88. The trade was a 20.25% decrease in their ownership of the stock.

George Weston Trading Up 1.1%

TSE:WN opened at C$97.44 on Friday. The firm has a market capitalization of C$36.96 billion, a P/E ratio of 34.80, a P/E/G ratio of 5.03 and a beta of 0.51. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 370.81. The company has a fifty day moving average of C$98.45 and a 200 day moving average of C$93.29. George Weston Limited has a 52 week low of C$78.11 and a 52 week high of C$104.50.

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

Analyst Upgrades and Downgrades

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

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.