George Weston (TSE:WN) Stock Passes Above 200 Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$99.53 and traded as high as C$100.23. George Weston shares last traded at C$99.75, with a volume of 335,497 shares changing hands.

Analysts Set New Price Targets

WN has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$103.00 to C$113.00 in a research report on Monday, July 20th. Scotia decreased their price objective on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$111.00.

George Weston Trading Down 0.9%

The firm has a 50-day moving average of C$102.61 and a 200 day moving average of C$99.55. The company has a market cap of C$37.30 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 5.03 and a beta of 0.32. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 438.92.

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