Rashid Wasti Sells 1,500 Shares of George Weston Limited (TSE:WN) Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$235.60, for a total transaction of C$353,400.00.

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

• On Friday, March 14th, Rashid Wasti bought 1,500 shares of George Weston stock. The stock was acquired at an average cost of C$21.25 per share, for a total transaction of C$31,875.00.
• On Wednesday, March 12th, Rashid Wasti bought 1,500 shares of George Weston stock. The stock was acquired at an average cost of C$22.87 per share, for a total transaction of C$34,305.00.
• On Monday, March 10th, Rashid Wasti sold 750 shares of George Weston stock. The shares were sold at an average price of C$239.90, for a total transaction of C$179,925.00.
• On Tuesday, March 4th, Rashid Wasti bought 1,000 shares of George Weston stock. The stock was acquired 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 Price Performance

WN opened at C$233.41 on Friday. The company’s 50 day simple moving average is C$225.89 and its 200-day simple moving average is C$225.29. George Weston Limited has a one year low of C$174.30 and a one year high of C$240.43. The stock has a market capitalization of C$30.30 billion, a P/E ratio of 46.72, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Desjardins decreased their price objective on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada decreased their price objective on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a research note 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 on the stock in a research note on Thursday, February 27th. Finally, Scotiabank cut shares of George Weston from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Two research 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, the company has an average rating of “Moderate Buy” and an average 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%.