George Weston (TSE:WN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

George Weston Limited (TSE:WN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$90.96 and traded as high as C$101.64. George Weston shares last traded at C$100.65, with a volume of 243,419 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Desjardins lifted their price objective on shares of George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. Canadian Imperial Bank of Commerce lifted their price target on shares of George Weston from C$100.00 to C$112.00 in a research note on Monday, November 17th. TD Securities boosted their price objective on shares of George Weston from C$105.00 to C$108.00 in a report on Thursday, November 13th. Royal Bank Of Canada raised their target price on George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, BMO Capital Markets lifted their target price on George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. 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 company has an average rating of “Moderate Buy” and a consensus target price of C$107.00.

George Weston Stock Performance

The company’s fifty day simple moving average is C$96.07 and its two-hundred day simple moving average is C$90.96. The company has a market capitalization of C$38.48 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 5.03 and a beta of 0.48. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

George Weston (TSE:WN) last issued its earnings results on Friday, November 14th. The company reported C$1.37 earnings per share (EPS) for the quarter. The business had revenue of C$19.55 billion for the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. Equities research analysts predict that George Weston Limited will post 13.0245758 earnings per share 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%. 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.