Insider Selling: George Weston (TSE:WN) Insider Sells C$2,009,400.00 in Stock

George Weston Limited (TSE:WN) insider Richard Dufresne sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of C$100.47, for a total value of C$2,009,400.00. Following the sale, the insider owned 19,911 shares of the company’s stock, valued at C$2,000,458.17. The trade was a 50.11% decrease in their ownership of the stock.

Richard Dufresne also recently made the following trade(s):

• On Thursday, September 17th, Richard Dufresne sold 10,000 shares of George Weston stock. The shares were sold at an average price of C$101.04, for a total value of C$1,010,400.00.
• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$98.56, for a total value of C$1,971,200.00.
• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$101.33, for a total value of C$2,026,600.00.

George Weston Price Performance

TSE:WN traded up C$1.31 during trading hours on Monday, hitting C$100.65. The company’s stock had a trading volume of 181,638 shares, compared to its average volume of 325,076. The stock has a fifty day simple moving average of C$100.99 and a 200-day simple moving average of C$99.38. The company has a market capitalization of C$37.66 billion, a P/E ratio of 39.47, a PEG ratio of 5.03 and a beta of 0.24. The company has a debt-to-equity ratio of 438.92, a current ratio of 1.05 and a quick ratio of 0.73. George Weston Limited has a twelve month low of C$82.77 and a twelve month high of C$107.94.

George Weston (TSE:WN) last issued its earnings results on Friday, July 31st. The company reported C$1.08 EPS for the quarter. The firm had revenue of C$15.20 billion during the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%. On average, analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised shares of George Weston from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$103.00 to C$113.00 in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$113.00.

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.