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

George Weston Limited (TSE:WN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$216.09 and traded as high as C$228.91. George Weston shares last traded at C$228.57, with a volume of 74,899 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WN. TD Securities lifted their target price on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Royal Bank of Canada boosted their price objective on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Scotiabank reduced their target price on shares of George Weston from C$222.00 to C$218.00 in a research note on Wednesday, November 20th. BMO Capital Markets boosted their price target on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Finally, Desjardins raised their price objective on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$248.75.

George Weston Price Performance

The company has a market capitalization of C$30.20 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a 50-day moving average price of C$226.02 and a 200-day moving average price of C$216.09. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$221.72, for a total transaction of C$1,108,589.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. Over the last 90 days, insiders bought 3,000 shares of company stock valued at $65,080 and sold 52,015 shares valued at $11,748,544. Insiders own 59.41% of the company’s stock.

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.