George Weston (TSE:WN) Stock Passes Above Two Hundred Day Moving Average of $167.04

George Weston Limited (TSE:WN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$167.04 and traded as high as C$179.42. George Weston shares last traded at C$177.25, with a volume of 77,008 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WN. Royal Bank of Canada upped their price objective on George Weston from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. TD Securities increased their target price on shares of George Weston from C$205.00 to C$215.00 and gave the company a “buy” rating in a research report on Monday, February 26th. CIBC increased their target price on shares of George Weston from C$213.00 to C$222.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, BMO Capital Markets increased their target price on shares of George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$201.00.

George Weston Price Performance

The firm has a market cap of C$23.85 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.70 and a beta of 0.38. The business’s 50-day simple moving average is C$178.54 and its two-hundred day simple moving average is C$167.22. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23.

George Weston (TSE:WN) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. The company had revenue of C$14.70 billion during the quarter. George Weston had a net margin of 2.56% and a return on equity of 19.71%. As a group, research analysts expect that George Weston Limited will post 11.876494 EPS for the current fiscal year.

George Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.713 per share. This represents a $2.85 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Thursday, March 14th. George Weston’s dividend payout ratio (DPR) is 26.51%.

Insider Transactions at George Weston

In related news, Senior Officer Rashid Wasti sold 1,086 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$176.24, for a total value of C$191,393.60. In related news, Senior Officer Rashid Wasti sold 1,086 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$176.24, for a total value of C$191,393.60. Also, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$181.41, for a total value of C$1,814,055.00. Insiders sold a total of 151,008 shares of company stock valued at $24,350,724 in the last quarter. 58.56% of the stock is currently owned by company insiders.

About George Weston

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