Key Points
- Insider Richard Dufresne sold 20,000 George Weston shares on September 1 at an average of C$98.56, generating C$1.97 million and reducing his direct ownership by 50.11% to 19,911 shares. He also sold another 20,000 shares on September 4 for C$2.03 million.
- George Weston shares opened at C$100.93, with a market capitalization of approximately C$37.77 billion and a 12-month trading range of C$82.77 to C$107.94. The company recently reported quarterly revenue of C$15.20 billion and EPS of C$1.08.
- Analysts maintain a “Moderate Buy” consensus with an average target price of C$113.00; three analysts rate the stock Buy and one rates it Hold.
George Weston Limited (TSE:WN - Get Free Report) insider Richard Dufresne sold 20,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$98.56, for a total transaction of C$1,971,200.00. Following the sale, the insider directly owned 19,911 shares of the company's stock, valued at C$1,962,428.16. The trade was a 50.11% decrease in their position.
Richard Dufresne also recently made the following trade(s):
- On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$101.33, for a total transaction of C$2,026,600.00.
George Weston Stock Performance
WN opened at C$100.93 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 438.92. The company has a market cap of C$37.77 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 5.03 and a beta of 0.24. The company's 50 day moving average is C$101.07 and its 200 day moving average is C$99.43. George Weston Limited has a 12-month low of C$82.77 and a 12-month high of C$107.94.
George Weston (TSE:WN - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported C$1.08 earnings per share (EPS) for the quarter. George Weston had a net margin of 1.59% and a return on equity of 20.42%. The company had revenue of C$15.20 billion during the quarter. On average, equities research analysts predict that George Weston Limited will post 13.0245758 EPS for the current year.
Analyst Upgrades and Downgrades
WN has been the subject of a number of recent research reports. Scotia cut their price objective on shares of George Weston from C$106.00 to C$102.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 13th. BMO Capital Markets upgraded George Weston from a "hold" rating to an "outperform" rating and lifted their target price for the company from C$103.00 to C$113.00 in a research report on Monday, July 20th. Finally, Canadian Imperial Bank of Commerce cut their price target on George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$113.00.
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George Weston Company Profile
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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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.
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