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

George Weston Limited (TSE:WN) crossed 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.

Analyst Upgrades and Downgrades

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

George Weston Trading Up 1.0 %

The company’s fifty day moving average price is C$178.54 and its two-hundred day moving average price 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. The firm has a market cap of C$23.85 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38.

George Weston (TSE:WN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. George Weston had a net margin of 2.56% and a return on equity of 19.71%. The firm had revenue of C$14.70 billion for the quarter. As a group, sell-side analysts predict 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. Shareholders of record on Friday, March 15th were issued a dividend of $0.713 per share. This represents a $2.85 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, March 14th. George Weston’s dividend payout ratio is currently 26.51%.

Insiders Place Their Bets

In other George Weston news, Senior Officer Rashid Wasti sold 1,086 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$176.24, for a total transaction of C$191,393.60. In other news, Senior Officer Rashid Wasti sold 1,086 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$176.24, for a total value of C$191,393.60. Also, Senior Officer Andrew Michael Bunston sold 2,303 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total transaction of C$422,079.10. Insiders have sold a total of 151,008 shares of company stock valued at $24,350,724 in the last 90 days. 58.56% of the stock is currently owned by insiders.

George Weston Company Profile

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.