George Weston (TSE:WN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

George Weston Limited (TSE:WN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$91.63 and traded as high as C$103.00. George Weston shares last traded at C$102.05, with a volume of 236,801 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WN shares. Desjardins increased their target price on shares of George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. Royal Bank Of Canada raised their price objective on shares of George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. BMO Capital Markets lifted their target price on shares of George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce increased their price target on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Finally, TD Securities lifted their price objective on George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$107.00.

George Weston Price Performance

The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The company’s 50 day moving average price is C$97.13 and its 200 day moving average price is C$91.63. The firm has a market capitalization of C$39.02 billion, a P/E ratio of 27.24, a PEG ratio of 5.03 and a beta of 0.48.

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

About George Weston

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.