Shares of George Weston Limited (TSE:WN – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$177.07 and traded as high as C$190.47. George Weston shares last traded at C$189.32, with a volume of 160,176 shares traded.
Analyst Ratings Changes
Several research analysts have weighed in on WN shares. Desjardins increased their target price on shares of George Weston from C$205.00 to C$212.00 in a research note on Wednesday, May 8th. Royal Bank of Canada raised their price objective on shares of George Weston from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. BMO Capital Markets raised their price objective on shares of George Weston from C$185.00 to C$196.00 in a research note on Wednesday, May 8th. CIBC raised their price objective on shares of George Weston from C$222.00 to C$235.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, TD Securities raised their price objective on shares of George Weston from C$226.00 to C$227.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$216.67.
Read Our Latest Research Report on George Weston
George Weston Trading Down 0.9 %
The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 159.31. The business’s fifty day simple moving average is C$187.45 and its two-hundred day simple moving average is C$177.07. The company has a market cap of C$25.32 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.70 and a beta of 0.38.
George Weston (TSE:WN – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported C$2.30 EPS for the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. On average, equities analysts predict that George Weston Limited will post 12.1466667 EPS for the current year.
George Weston Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 15th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.73%. This is a positive change from George Weston’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, June 14th. George Weston’s dividend payout ratio (DPR) is 34.64%.
Insider Activity at George Weston
In related news, Senior Officer Andrew Michael Bunston sold 2,303 shares of George Weston stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total value of C$422,079.10. In other George Weston news, Senior Officer Andrew Michael Bunston sold 2,303 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total transaction of C$422,079.10. Also, Senior Officer Richard Dufresne sold 5,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of C$190.21, for a total transaction of C$951,043.50. Insiders have sold a total of 30,110 shares of company stock worth $5,766,526 in the last three months. Insiders own 58.49% of the company’s stock.
George Weston Company Profile
George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.
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