George Weston (TSE:WN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$98.24 and traded as high as C$101.22. George Weston shares last traded at C$100.98, with a volume of 184,549 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WN shares. Scotia cut their price objective on shares of 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. Canadian Imperial Bank of Commerce decreased their target price on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$108.86.

George Weston Stock Up 1.6%

The company has a market cap of C$38.07 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. The stock has a 50-day simple moving average of C$99.50 and a 200-day simple moving average of C$98.24. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08.

George Weston (TSE:WN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The company had revenue of C$14.64 billion for the quarter. As a group, analysts predict 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.