George Weston (TSE:WN) Share Price Crosses Above Two Hundred Day Moving Average of $168.17

George Weston Limited (TSE:WN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$168.17 and traded as high as C$182.03. George Weston shares last traded at C$180.82, with a volume of 94,195 shares trading hands.

Analysts Set New Price Targets

WN has been the subject of a number of recent analyst reports. TD Securities upped their price objective on George Weston from C$205.00 to C$215.00 and gave the company a “buy” rating in a research note on Monday, February 26th. BMO Capital Markets upped their price objective on George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. CIBC upped their price objective on George Weston from C$213.00 to C$222.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on George Weston from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$201.00.

George Weston Price Performance

The business has a fifty day moving average of C$179.41 and a 200-day moving average of C$168.17. The firm has a market cap of C$24.30 billion, a PE ratio of 16.82, a PEG ratio of 1.70 and a beta of 0.38. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23.

George Weston (TSE:WN) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$2.51 earnings per share for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The firm had revenue of C$14.70 billion for the quarter. As a group, research analysts predict that George Weston Limited will post 11.876494 earnings per share for the current year.

George Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.713 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.85 dividend on an annualized basis and a dividend yield of 1.58%. George Weston’s dividend payout ratio is 26.51%.

Insider Activity at George Weston

In related news, Director Willard Galen Garfield Weston sold 79,200 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. In related news, Director Willard Galen Garfield Weston sold 79,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. Also, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$181.41, for a total value of C$1,814,055.00. In the last three months, insiders have sold 151,008 shares of company stock valued at $24,350,724. Corporate insiders own 58.56% 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.