Key Points
- Insider selling: Richard Dufresne sold 20,000 George Weston shares for approximately C$2.01 million at an average price of C$100.47, reducing his ownership by 50.11% to 19,911 shares. He also reported several other sales totaling 50,000 shares earlier in September.
- Stock and financial profile: George Weston shares opened at C$100.65, with a 52-week range of C$82.77 to C$107.94 and a market capitalization of approximately C$37.66 billion. The company reported quarterly revenue of C$15.20 billion and earnings of C$1.08 per share.
- Analyst outlook: BMO Capital Markets upgraded the stock to “outperform” and raised its price target to C$113. Analysts collectively rate George Weston “Moderate Buy,” with three Buy ratings and one Hold rating.
George Weston Limited (TSE:WN - Get Free Report) insider Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of C$101.04, for a total transaction of C$1,010,400.00. Following the transaction, the insider directly owned 19,911 shares of the company's stock, valued at C$2,011,807.44. This represents a 33.43% decrease in their ownership of the stock.
Richard Dufresne also recently made the following trade(s):
- On Wednesday, September 16th, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$100.47, for a total value of C$2,009,400.00.
- On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$98.56, for a total value of C$1,971,200.00.
- On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$101.33, for a total transaction of C$2,026,600.00.
George Weston Trading Up 1.3%
TSE:WN opened at C$100.65 on Tuesday. The company has a market cap of C$37.66 billion, a P/E ratio of 39.47, a P/E/G ratio of 5.03 and a beta of 0.24. The stock's fifty day moving average price is C$100.99 and its two-hundred day moving average price is C$99.38. George Weston Limited has a 1 year low of C$82.77 and a 1 year high of C$107.94. The company has a debt-to-equity ratio of 438.92, a current ratio of 1.05 and a quick ratio of 0.73.
George Weston (TSE:WN - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported C$1.08 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. As a group, analysts expect that George Weston Limited will post 13.0245758 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets raised George Weston from a "hold" rating to an "outperform" rating and raised their price objective for the company from C$103.00 to C$113.00 in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$113.00.
Read Our Latest Analysis on George Weston
George Weston Company Profile
(
Get Free Report)
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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