George Weston Limited (TSE:WN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $105.44 and traded as high as $109.43. George Weston shares last traded at $108.76, with a volume of 74,837 shares traded.

WN has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on George Weston from C$122.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Desjardins restated a “buy” rating on shares of George Weston in a research note on Thursday, November 28th.

The company has a 50 day simple moving average of C$106.16 and a 200 day simple moving average of C$105.47. The company has a current ratio of 1.22, a quick ratio of 0.64 and a debt-to-equity ratio of 161.85. The stock has a market capitalization of $16.63 billion and a PE ratio of 498.90.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, December 12th. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. This is an increase from George Weston’s previous quarterly dividend of $0.49. George Weston’s dividend payout ratio is presently 954.13%.

In other George Weston news, Director Robert Sawyer bought 2,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of C$110.59 per share, with a total value of C$221,188.00. Following the purchase, the director now owns 4,270 shares in the company, valued at approximately C$472,236.38. Also, Senior Officer Rashid Wasti sold 4,010 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$113.06, for a total value of C$453,360.17. Following the transaction, the insider now directly owns 10,200 shares of the company’s stock, valued at C$1,153,185.48.

George Weston Company Profile (TSE:WN)

George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company operates through three segments: Weston Foods, Loblaw, and Choice Properties. The Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, tortillas, cakes, donuts, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience store chains, food service distributors, and outlets.

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