George Weston (OTCMKTS:WNGRF) Sets New 1-Year High – Here’s Why

George Weston Ltd. (OTCMKTS:WNGRF)’s share price reached a new 52-week high on Monday . The stock traded as high as $164,864.9984 and last traded at $164,864.9984, with a volume of 7287457 shares trading hands. The stock had previously closed at $68.88.

Analysts Set New Price Targets

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

George Weston Trading Up 239,251.0%

The company has a fifty day simple moving average of $67.21 and a two-hundred day simple moving average of $100.31. The company has a market capitalization of $62.75 trillion, a P/E ratio of 60,836.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.42 and a quick ratio of 0.80.

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

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.