George Weston (TSE:WN) Shares Cross Above 200 Day Moving Average of $158.05

George Weston Limited (TSE:WNGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$158.05 and traded as high as C$172.39. George Weston shares last traded at C$170.39, with a volume of 67,118 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank lowered their target price on George Weston from C$184.00 to C$179.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 22nd. Royal Bank of Canada increased their target price on George Weston from C$215.00 to C$216.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Desjardins raised George Weston from a “hold” rating to a “buy” rating and increased their price target for the company from C$177.00 to C$187.00 in a report on Wednesday, November 22nd. TD Securities cut their target price on George Weston to C$205.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Finally, CIBC dropped their price objective on George Weston from C$215.00 to C$213.00 and set an “outperform” rating for the company in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$195.33.

Check Out Our Latest Stock Analysis on George Weston

George Weston Stock Down 0.4 %

The firm has a market capitalization of C$23.08 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.70 and a beta of 0.39. The stock has a 50 day moving average of C$165.97 and a 200 day moving average of C$158.05. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 152.99.

George Weston (TSE:WNGet Free Report) last issued its earnings results on Tuesday, November 21st. The company reported C$3.36 EPS for the quarter. George Weston had a return on equity of 18.34% and a net margin of 2.46%. The company had revenue of C$18.41 billion during the quarter. As a group, analysts expect that George Weston Limited will post 12.3611706 earnings per share for the current fiscal year.

George Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were issued a dividend of $0.713 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.85 dividend on an annualized basis and a dividend yield of 1.67%. George Weston’s dividend payout ratio (DPR) is presently 27.32%.

Insider Buying and Selling

In other news, Director William Downe bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average price of C$159.28 per share, with a total value of C$1,274,240.00. Insiders have bought a total of 8,700 shares of company stock valued at $1,288,153 over the last quarter. Corporate insiders own 58.47% of the company’s stock.

About George Weston

(Get Free Report)

George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.

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