George Weston (TSE:WN) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

George Weston Limited (TSE:WN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$98.07 and traded as high as C$102.21. George Weston shares last traded at C$100.64, with a volume of 252,989 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WN. Canadian Imperial Bank of Commerce cut their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Scotia decreased their target price on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and a consensus target price of C$108.86.

George Weston Stock Down 1.0%

The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08. The firm’s 50 day simple moving average is C$99.21 and its two-hundred day simple moving average is C$98.08. The firm has a market cap of C$37.57 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 5.03 and a beta of 0.32.

George Weston (TSE:WN) last announced its earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share (EPS) for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. The firm had revenue of C$14.64 billion for the quarter. On average, equities analysts forecast that George Weston Limited will post 13.0245758 EPS for the current 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.