George Weston (OTCMKTS:WNGRF) Sets New 52-Week High – Still a Buy?

George Weston Ltd. (OTCMKTS:WNGRF) reached a new 52-week high during trading on Thursday . The company traded as high as $72.21 and last traded at $72.21, with a volume of 502 shares. The stock had previously closed at $68.88.

Analyst Upgrades and Downgrades

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

George Weston Price Performance

The company has a market capitalization of $27.34 billion, a P/E ratio of 26.58 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. The firm’s 50-day moving average is $68.56 and its 200-day moving average is $64.93.

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

About George Weston

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.