George Weston (TSE:WN) Hits New 1-Year High – Time to Buy?

George Weston Limited (TSE:WN) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$103.95 and last traded at C$103.58, with a volume of 35469 shares traded. The stock had previously closed at C$101.68.

Analysts Set New Price Targets

WN has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of 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. BMO Capital Markets upped their target price on shares of George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce increased their price target on shares of George Weston from C$100.00 to C$112.00 in a report on Monday, November 17th. Desjardins boosted their price objective on shares of George Weston from C$103.00 to C$110.00 in a report on Friday, December 19th. Finally, TD Securities upped their price objective on George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, George Weston has a consensus rating of “Moderate Buy” and an average target price of C$107.00.

George Weston Stock Performance

The business’s fifty day moving average price is C$96.20 and its 200-day moving average price is C$91.03. The stock has a market cap of C$39.37 billion, a PE ratio of 27.49, a P/E/G ratio of 5.03 and a beta of 0.48. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

George Weston (TSE:WN) last released its quarterly earnings data on Friday, November 14th. The company reported C$1.37 earnings per share for the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. The firm had revenue of C$19.55 billion during the quarter. As a group, equities research analysts forecast that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

George Weston Company Profile

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.