George Weston (OTCMKTS:WNGRF) Sets New 52-Week High – What’s Next?

Shares of George Weston Ltd. (OTCMKTS:WNGRF) hit a new 52-week high during trading on Monday. The stock traded as high as $78.35 and last traded at $78.35, with a volume of 155 shares. The stock had previously closed at $71.55.

Analyst Ratings Changes

A number of analysts have recently weighed in on WNGRF shares. Scotiabank restated a “sector perform” rating on shares of George Weston in a research note on Wednesday, August 5th. BMO Capital Markets reiterated an “outperform” rating on shares of George Weston in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

George Weston Price Performance

The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 1.01. The stock’s 50-day moving average price is $71.75 and its 200-day moving average price is $71.67. The company has a market capitalization of $28.70 billion, a price-to-earnings ratio of 23.24 and a beta of 0.45.

George Weston (OTCMKTS:WNGRF) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). George Weston had a net margin of 1.54% and a return on equity of 14.12%. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.72 billion.

George Weston Company Profile

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.