George Weston (TSE:WN) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

George Weston Limited (TSE:WN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$90.29 and traded as high as C$97.23. George Weston shares last traded at C$94.97, with a volume of 506,094 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WN shares. Royal Bank Of Canada increased their target price on shares of George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. BMO Capital Markets lifted their target price on shares of George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. TD Securities raised their target price on George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. Desjardins lifted their target price on shares of George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. Finally, CIBC raised their price target on shares of George Weston from C$100.00 to C$112.00 in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, George Weston has a consensus rating of “Moderate Buy” and a consensus target price of C$107.00.

George Weston Trading Down 2.0%

The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The company’s 50 day simple moving average is C$95.43 and its two-hundred day simple moving average is C$90.31. The company has a market cap of C$36.31 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 5.03 and a beta of 0.45.

George Weston (TSE:WN) last released its quarterly earnings results on Friday, November 14th. The company reported C$1.37 EPS for the quarter. The company had revenue of C$19.55 billion for the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%. As a group, sell-side analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

George Weston Company Profile

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.