George Weston (TSE:WN) Sets New 52-Week High – Time to Buy?

George Weston Limited (TSE:WN)’s share price reached a new 52-week high on Monday . The stock traded as high as C$98.00 and last traded at C$97.72, with a volume of 37342 shares traded. The stock had previously closed at C$96.54.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Desjardins upped their price target on shares of George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. TD Securities boosted their target price on shares of George Weston from C$105.00 to C$108.00 in a research note on Thursday, November 13th. CIBC increased their target price on George Weston from C$100.00 to C$112.00 in a report on Monday, November 17th. Finally, BMO Capital Markets lifted their price target on George Weston from C$95.00 to C$98.00 in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$105.78.

George Weston Trading Up 0.9%

The company’s fifty day simple moving average is C$93.59 and its two-hundred day simple moving average is C$89.63. The company has a market capitalization of C$37.26 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 5.03 and a beta of 0.45. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50.

George Weston (TSE:WN) last issued its quarterly earnings data on Friday, November 14th. The company reported C$1.37 EPS for the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%.The business had revenue of C$19.55 billion for the quarter. Research analysts forecast that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

George Weston Company Profile

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.