George Weston (TSE:WN) Sets New 12-Month High – What’s Next?

George Weston Limited (TSE:WN) reached a new 52-week high on Thursday. The stock traded as high as C$111.47 and last traded at C$111.30, with a volume of 287,078 shares. The stock had previously closed at C$110.64.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WN. BMO Capital Markets upgraded George Weston from a “hold” rating to an “outperform” rating and increased their target price for the company from C$103.00 to C$113.00 in a report on Monday, July 20th. Canadian Imperial Bank of Commerce set a C$134.00 price target on George Weston and gave the company an “outperformer” rating in a report on Thursday, October 22nd. Four investment 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$115.83.

George Weston Price Performance

The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 438.92. The stock’s 50 day moving average price is C$103.99 and its two-hundred day moving average price is C$100.56. The firm has a market capitalization of C$41.65 billion, a price-to-earnings ratio of 43.65, a P/E/G ratio of 5.03 and a beta of 0.21.

Insider Buying and Selling at George Weston

In other news, insider Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$101.04, for a total transaction of C$1,010,400.00. Following the completion of the sale, the insider directly owned 19,911 shares in the company, valued at C$2,011,807.44. The trade was a 33.43% decrease in their position. Over the last three months, insiders sold 70,000 shares of company stock worth $7,017,600. 59.41% of the stock is owned by company insiders.

George Weston Company Profile

George Weston Limited is a Canadian public company founded in 1882. The Company operates through its two reportable operating segments, Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise and wireless mobile products and services. Choice Properties owns, manages and develops a high-quality portfolio of commercial and residential properties across Canada.