George Weston Limited (TSE:WN) insider W. Galen Weston sold 2,489 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$91.97, for a total transaction of C$228,914.82. Following the completion of the sale, the insider now directly owns 3,301 shares in the company, valued at approximately C$303,594.95.
George Weston stock traded up C$1.37 during trading hours on Friday, hitting C$93.14. 632,621 shares of the company traded hands, compared to its average volume of 208,850. George Weston Limited has a 1-year low of C$86.72 and a 1-year high of C$111.64. The company has a current ratio of 1.23, a quick ratio of 0.67 and a debt-to-equity ratio of 119.35. The stock has a market cap of $14.28 billion and a price-to-earnings ratio of 23.34.
Several research firms have commented on WN. Royal Bank of Canada raised their target price on shares of George Weston from C$123.00 to C$125.00 and gave the company an “outperform” rating in a research note on Friday, November 16th. BMO Capital Markets reissued an “outperform” rating and set a C$112.00 target price on shares of George Weston in a research note on Wednesday, November 21st. Barclays lowered their target price on shares of George Weston from C$113.00 to C$96.00 in a research note on Wednesday, November 21st. Finally, CIBC lowered their target price on shares of George Weston from C$114.00 to C$107.00 in a research note on Wednesday, November 21st.
About George Weston
George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company's Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, flatbreads, rye bread, tortillas, doughnuts, cakes, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience stores, food service distributors, and outlets.
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