George Weston (TSE:WN) Hits New 1-Year High – What’s Next?

George Weston Limited (TSE:WN)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$104.75 and last traded at C$104.75, with a volume of 88251 shares. The stock had previously closed at C$101.91.

Analyst Ratings Changes

WN has been the subject of a number of recent research reports. TD Securities boosted their target price on shares of George Weston from C$108.00 to C$121.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce cut their price target on shares of George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Finally, Scotia cut their price target on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$108.86.

George Weston Stock Performance

The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. The firm has a market cap of C$39.61 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 5.03 and a beta of 0.32. The firm has a fifty day simple moving average of C$97.66 and a two-hundred day simple moving average of C$97.24.

George Weston (TSE:WN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. The business had revenue of C$14.64 billion during the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%. On average, analysts expect that George Weston Limited will post 13.0245758 EPS for the current 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.