George Weston (TSE:WN) Director Sells C$2,065,776.03 in Stock

George Weston Limited (TSE:WN) Director Willard Galen Garfield Weston sold 21,729 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the completion of the sale, the director directly owned 85,584 shares in the company, valued at C$8,136,470.88. This trade represents a 20.25% decrease in their position.

George Weston Price Performance

Shares of WN stock traded up C$1.07 during trading hours on Friday, hitting C$97.44. The company’s stock had a trading volume of 320,800 shares, compared to its average volume of 354,741. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 370.81. The business has a fifty day moving average of C$98.45 and a 200-day moving average of C$93.29. George Weston Limited has a twelve month low of C$78.11 and a twelve month high of C$104.50. The stock has a market cap of C$36.96 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 5.03 and a beta of 0.51.

George Weston (TSE:WN) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$1.21 earnings per share (EPS) for the quarter. George Weston had a return on equity of 21.94% and a net margin of 1.90%.The firm had revenue of C$15.86 billion during the quarter. As a group, equities research analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on WN shares. Royal Bank Of Canada upped their price objective on George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Desjardins lifted their price objective on George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. Finally, TD Securities upped their target price on shares of George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a report on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$109.17.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.