George Weston (TSE:WN) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

George Weston Limited (TSE:WN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$220.58 and traded as high as C$227.85. George Weston shares last traded at C$226.41, with a volume of 127,230 shares traded.

Analyst Upgrades and Downgrades

WN has been the subject of several recent research reports. Royal Bank of Canada raised their target price on shares of 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 raised George Weston from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$218.00 to C$240.00 in a report on Wednesday, January 8th. CIBC lifted their price target on George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th. TD Securities raised their price objective on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Desjardins raised their price target on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$252.42.

George Weston Stock Up 2.5 %

The stock has a market cap of C$29.92 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The business has a 50-day moving average price of C$224.99 and a 200-day moving average price of C$220.58. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total value of C$35,317.50. Insiders have sold a total of 15,150 shares of company stock valued at $3,393,420 over the last ninety days. Corporate insiders own 59.41% of the company’s stock.

About George Weston

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.