George Weston (TSE:WN) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

George Weston Limited (TSE:WN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$216.09 and traded as high as C$228.91. George Weston shares last traded at C$228.57, with a volume of 74,899 shares.

Analysts Set New Price Targets

A number of brokerages have recently commented on WN. Royal Bank of Canada lifted their price target on shares of George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. BMO Capital Markets upped their price target on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. TD Securities upped their price target on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. CIBC boosted their target price on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Finally, Scotiabank decreased their price target on shares of George Weston from C$222.00 to C$218.00 in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$248.75.

George Weston Price Performance

The company has a market capitalization of C$30.06 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. The company’s 50 day simple moving average is C$226.26 and its 200 day simple moving average is C$216.41.

Insider Activity

In other George Weston news, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total value of C$8,355,124.15. Over the last ninety days, insiders bought 3,000 shares of company stock valued at $65,080 and sold 52,015 shares valued at $11,748,544. Corporate insiders own 59.41% of the company’s stock.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.