George Weston (OTCMKTS:WNGRF) Reaches New 1-Year High – Still a Buy?

George Weston Ltd. (OTCMKTS:WNGRF)’s share price hit a new 52-week high on Thursday . The stock traded as high as $75.92 and last traded at $75.92, with a volume of 101 shares. The stock had previously closed at $72.42.

Analyst Ratings Changes

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

George Weston Price Performance

The stock has a market capitalization of $28.74 billion, a P/E ratio of 27.95 and a beta of 0.55. The stock has a 50-day simple moving average of $69.71 and a 200 day simple moving average of $65.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 1.42.

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 firm 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.