George Weston Limited (TSE:WN) Senior Officer Buys C$34,305.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of C$22.87 per share, with a total value of C$34,305.00.

Rashid Wasti also recently made the following trade(s):

• On Friday, March 14th, Rashid Wasti purchased 1,500 shares of George Weston stock. The shares were bought at an average cost of C$21.25 per share, for a total transaction of C$31,875.00.
• On Monday, March 10th, Rashid Wasti sold 750 shares of George Weston stock. The stock was sold at an average price of C$239.90, for a total transaction of C$179,925.00.
• On Tuesday, March 4th, Rashid Wasti purchased 1,000 shares of George Weston stock. The stock was bought at an average cost of C$24.60 per share, for a total transaction of C$24,600.00.
• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$238.75, for a total transaction of C$59,687.50.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$231.30, for a total transaction of C$57,825.00.

George Weston Stock Up 1.0 %

Shares of TSE WN opened at C$232.13 on Friday. The firm has a market cap of C$30.13 billion, a P/E ratio of 46.46, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The firm’s 50 day moving average price is C$224.92 and its 200 day moving average price is C$224.80. George Weston Limited has a 1 year low of C$174.30 and a 1 year high of C$240.43. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Analyst Ratings Changes

WN has been the subject of several research reports. Scotiabank downgraded shares of George Weston from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$240.00 to C$241.00 in a report on Thursday, February 27th. Desjardins decreased their price objective on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. CIBC decreased their price objective on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Finally, TD Securities increased their target price 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$251.42.

George Weston Company Profile

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%.