George Weston (TSE:WN) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

George Weston Limited (TSE:WN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$206.08 and traded as high as C$223.61. George Weston shares last traded at C$222.40, with a volume of 89,407 shares.

Wall Street Analyst Weigh In

WN has been the topic of a number of research analyst reports. TD Securities reduced their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets increased their price target on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Desjardins increased their price target on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, CIBC increased their price target on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, George Weston has an average rating of “Moderate Buy” and an average target price of C$229.67.

George Weston Trading Up 0.7 %

The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. The stock has a market capitalization of C$29.39 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 5.03 and a beta of 0.42. The firm has a 50-day moving average of C$222.13 and a 200 day moving average of C$206.08.

George Weston (TSE:WN) last posted its earnings results on Tuesday, July 30th. The company reported C$2.93 EPS for the quarter. George Weston had a return on equity of 17.52% and a net margin of 2.06%. The firm had revenue of C$14.09 billion for the quarter. As a group, equities analysts predict that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

Insider Activity at George Weston

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. In other news, Senior Officer Rashid Wasti acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of C$21.34 per share, with a total value of C$32,010.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. In the last three months, insiders have acquired 9,400 shares of company stock worth $202,958 and have sold 54,419 shares worth $12,242,452. 59.41% of the stock is owned by insiders.

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.