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

George Weston Limited (TSE:WN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$91.63 and traded as high as C$103.00. George Weston shares last traded at C$102.05, with a volume of 236,801 shares changing hands.

Analyst Upgrades and Downgrades

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

George Weston Stock Performance

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 stock has a fifty day moving average price of C$97.23 and a two-hundred day moving average price of C$91.72. The company has a market cap of C$38.13 billion, a P/E ratio of 26.62, a PEG ratio of 5.03 and a beta of 0.48.

George Weston (TSE:WN) last issued 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%. On average, equities analysts forecast 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%. 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.