George Weston (OTCMKTS:WNGRF) Shares Pass Above 50-Day Moving Average – Here’s Why

George Weston Limited (OTCMKTS:WNGRF) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $156.90 and traded as high as $157.02. George Weston shares last traded at $156.32, with a volume of 278 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WNGRF. Scotiabank raised shares of George Weston from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Cibc World Mkts upgraded shares of George Weston to a “strong-buy” rating in a report on Wednesday, November 20th.

George Weston Stock Up 1.5 %

The firm has a 50-day moving average of $156.90 and a two-hundred day moving average of $158.99. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $20.33 billion, a PE ratio of 47.51 and a beta of 0.57.

George Weston Company Profile

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.