George Weston (OTCMKTS:WNGRF) Hits New 12-Month High – Should You Buy?

George Weston Ltd. (OTCMKTS:WNGRF – Get Free Report) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $79.81 and last traded at $79.81, with a volume of 200 shares traded. The stock had previously closed at $75.51.

Analyst Ratings Changes

Several brokerages recently commented on WNGRF. BMO Capital Markets reiterated an “outperform” rating on shares of George Weston in a report on Monday, August 3rd. Canadian Imperial Bank of Commerce started coverage on shares of George Weston in a research report on Thursday, October 22nd. They set an “outperform” rating for the company. Finally, Scotiabank restated a “sector perform” rating on shares of George Weston in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

View Our Latest Stock Report on George Weston

George Weston Stock Up 5.7%

The firm’s fifty day moving average is $72.51 and its two-hundred day moving average is $71.75. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 43.00 and a beta of 0.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.05 and a quick ratio of 0.60.

George Weston Company Profile

(Get Free Report)

George Weston Limited (OTCMKTS:WNGRF) is a Canadian holding and operating company with a long history in the food retail, pharmacy, and real estate sectors. Founded in 1882 by George Weston as a bakery business, the company expanded over time through acquisitions and the development of consumer brands and retail operations.

George Weston’s principal business interests are its ownership stakes in Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw operates supermarkets, pharmacies, and other retail businesses across Canada through banners that include Loblaws, Real Canadian Superstore, No Frills, Shoppers Drug Mart, and Pharmaprix.

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