George Weston (OTCMKTS:WNGRF) Reaches New 12-Month High – Time to Buy?

George Weston Ltd. (OTCMKTS:WNGRF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $72.21 and last traded at $72.21, with a volume of 502 shares changing hands. The stock had previously closed at $68.88.

Analyst Ratings Changes

WNGRF has been the topic of several analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a report on Monday, November 17th. CIBC reaffirmed an “outperform” rating on shares of George Weston in a report on Monday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. Desjardins reissued a “buy” rating on shares of George Weston in a report on Monday, November 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of George Weston in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

George Weston Price Performance

The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 25.73 and a beta of 0.56. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average price of $68.72 and a 200 day moving average price of $65.01.

George Weston (OTCMKTS:WNGRF) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. George Weston had a return on equity of 13.21% and a net margin of 2.37%.The business had revenue of $14.04 billion for the quarter, compared to analysts’ expectations of $16.95 billion.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.