George Weston (TSE:WN) Insider Richard Dufresne Sells 20,000 Shares

George Weston Limited (TSE:WN) insider Richard Dufresne sold 20,000 shares of George Weston stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$98.56, for a total value of C$1,971,200.00. Following the completion of the sale, the insider directly owned 19,911 shares of the company’s stock, valued at approximately C$1,962,428.16. The trade was a 50.11% decrease in their position.

Richard Dufresne also recently made the following trade(s):

• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$101.33, for a total value of C$2,026,600.00.

George Weston Stock Performance

Shares of TSE:WN opened at C$100.93 on Monday. The company has a market cap of C$37.77 billion, a P/E ratio of 39.58, a PEG ratio of 5.03 and a beta of 0.24. The company has a debt-to-equity ratio of 438.92, a current ratio of 1.05 and a quick ratio of 0.73. George Weston Limited has a 1 year low of C$82.77 and a 1 year high of C$107.94. The stock’s fifty day moving average price is C$101.07 and its 200-day moving average price is C$99.43.

George Weston (TSE:WN) last released its quarterly earnings data on Friday, July 31st. The company reported C$1.08 EPS for the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%.The company had revenue of C$15.20 billion for the quarter. Sell-side analysts expect that George Weston Limited will post 13.0245758 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$103.00 to C$113.00 in a research note on Monday, July 20th. Canadian Imperial Bank of Commerce lowered their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, Scotia dropped their target price on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$113.00.

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.