George Weston Limited (TSE:WN) Senior Officer Rashid Wasti Buys 1,500 Shares

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti purchased 1,500 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of C$21.25 per share, for a total transaction of C$31,875.00.

Rashid Wasti also recently made the following trade(s):

• On Wednesday, March 12th, Rashid Wasti bought 1,500 shares of George Weston stock. The stock was purchased at an average price of C$22.87 per share, for a total transaction of C$34,305.00.
• On Monday, March 10th, Rashid Wasti sold 750 shares of George Weston stock. The stock was sold at an average price of C$239.90, for a total transaction of C$179,925.00.
• On Tuesday, March 4th, Rashid Wasti bought 1,000 shares of George Weston stock. The stock was purchased at an average price of C$24.60 per share, for a total transaction of C$24,600.00.
• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$238.75, for a total transaction of C$59,687.50.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$231.30, for a total transaction of C$57,825.00.

George Weston Stock Performance

Shares of WN stock opened at C$232.13 on Friday. George Weston Limited has a 12 month low of C$174.30 and a 12 month high of C$240.43. The stock has a market cap of C$30.13 billion, a PE ratio of 46.46, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The company’s fifty day moving average price is C$224.92 and its 200-day moving average price is C$224.80.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. CIBC cut their target price on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Scotiabank cut shares of George Weston from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$240.00 to C$241.00 in a report on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Desjardins cut their price target on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Royal Bank of Canada cut their price target on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, George Weston presently has an average rating of “Moderate Buy” and a consensus target price of C$251.42.

About George Weston

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%.