George Weston (TSE:WN) Insider Richard Dufresne Sells 6,825 Shares

George Weston Limited (TSE:WN) insider Richard Dufresne sold 6,825 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of C$95.07, for a total transaction of C$648,852.75. Following the completion of the sale, the insider owned 19,911 shares of the company’s stock, valued at approximately C$1,892,938.77. The trade was a 25.53% decrease in their ownership of the stock.

George Weston Stock Performance

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

George Weston (TSE:WN) last posted its earnings results on Wednesday, March 4th. The company reported C$1.21 EPS for the quarter. The business had revenue of C$15.86 billion for the quarter. George Weston had a net margin of 1.90% and a return on equity of 21.94%. As a group, equities research analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WN shares. 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. TD Securities lifted their target price on George Weston from C$108.00 to C$121.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Desjardins boosted their price target on George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.