George Weston (TSE:WN) Reaches New 52-Week High – Should You Buy?

George Weston Limited (TSE:WN)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$97.04 and last traded at C$96.97, with a volume of 107761 shares changing hands. The stock had previously closed at C$94.70.

Analyst Ratings Changes

WN has been the subject of a number of research reports. TD Securities increased their price target on George Weston from C$105.00 to C$108.00 in a research note on Thursday, November 13th. BMO Capital Markets increased their target price on George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. Desjardins raised their target price on shares of George Weston from C$100.00 to C$101.67 and gave the company a “buy” rating in a report on Wednesday, July 30th. Scotiabank boosted their price target on shares of George Weston from C$95.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Finally, CIBC increased their price objective on shares of George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$104.39.

George Weston Price Performance

The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The company has a market capitalization of C$37.08 billion, a P/E ratio of 25.89, a P/E/G ratio of 5.03 and a beta of 0.47. The firm’s fifty day moving average is C$87.17 and its 200 day moving average is C$88.29.

George Weston (TSE:WN) last posted its quarterly earnings data on Friday, November 14th. The company reported C$1.37 earnings per share (EPS) for the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%. As a group, 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%.