George Weston (OTCMKTS:WNGRF) Sets New 12-Month High – Here’s What Happened

George Weston Ltd. (OTCMKTS:WNGRF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $75.92 and last traded at $75.92, with a volume of 101 shares. The stock had previously closed at $72.42.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Desjardins restated a “buy” rating on shares of George Weston in a research note on Monday, November 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of George Weston in a research report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of George Weston in a report on Monday, November 17th. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research report on Monday, November 17th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

George Weston Stock Performance

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a market cap of $28.81 billion, a PE ratio of 28.02 and a beta of 0.55. The firm has a fifty day moving average price of $69.43 and a 200 day moving average price of $65.47.

George Weston (OTCMKTS:WNGRF) last announced its 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 company had revenue of $14.04 billion for the quarter, compared to analyst estimates 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.