George Weston (TSE:WN) Reaches New 12-Month High – Should You Buy?

George Weston Limited (TSE:WN)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$99.38 and last traded at C$99.24, with a volume of 47719 shares traded. The stock had previously closed at C$97.05.

Analysts Set New Price Targets

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

George Weston Stock Performance

The stock has a 50 day moving average price of C$95.48 and a two-hundred day moving average price of C$90.39. 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 has a market capitalization of C$38.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 5.03 and a beta of 0.45.

George Weston (TSE:WN) last issued its quarterly earnings data on Friday, November 14th. The company reported C$1.37 EPS for the quarter. The firm had revenue of C$19.55 billion for the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. On average, analysts predict 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.