George Weston (OTCMKTS:WNGRF) Reaches New 52-Week High – Here’s What Happened

George Weston Ltd. (OTCMKTS:WNGRF)’s share price reached a new 52-week high on Thursday . The stock traded as high as $69.41 and last traded at $69.41, with a volume of 108 shares. The stock had previously closed at $68.41.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Desjardins reiterated a “buy” rating on shares of George Weston in a report on Monday, November 17th. CIBC restated an “outperform” rating on shares of George Weston in a report on Monday, November 17th. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research report on Monday, November 17th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of George Weston in a report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, George Weston has an average rating of “Moderate Buy”.

George Weston Stock Down 1.1%

The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $26.15 billion, a P/E ratio of 25.35 and a beta of 0.55. The firm’s 50 day moving average price is $65.27 and its two-hundred day moving average price is $115.13.

George Weston (OTCMKTS:WNGRF) last announced its earnings results on Friday, November 14th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $16.95 billion. George Weston had a net margin of 2.37% and a return on equity of 13.21%.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.