George Weston (TSE:WN) Stock Passes Above Two Hundred Day Moving Average of $199.01

George Weston Limited (TSE:WN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$199.01 and traded as high as C$226.89. George Weston shares last traded at C$225.16, with a volume of 114,331 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Securities decreased their price target on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Desjardins boosted their target price on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. CIBC increased their target price on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price target on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$229.67.

George Weston Price Performance

The company has a 50 day moving average price of C$217.46 and a 200-day moving average price of C$199.32. The company has a market cap of C$29.75 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.70 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94.

George Weston (TSE:WN) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$2.93 earnings per share (EPS) for the quarter. The firm had revenue of C$14.09 billion during the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. As a group, equities research analysts predict that George Weston Limited will post 13.0828367 EPS for the current fiscal year.

George Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, September 13th. George Weston’s dividend payout ratio is currently 36.90%.

Insider Activity at George Weston

In other George Weston news, Senior Officer Rashid Wasti sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of C$215.00, for a total transaction of C$709,500.00. In related news, Director Willard Galen Garfield Weston sold 154 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$207.04, for a total transaction of C$31,884.16. Also, Senior Officer Rashid Wasti sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of C$215.00, for a total value of C$709,500.00. Over the last ninety days, insiders have purchased 8,400 shares of company stock worth $180,778 and have sold 20,854 shares worth $4,596,828. 59.12% of the stock is currently owned by company insiders.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.