George Weston (TSE:WN) Sets New 1-Year High at $206.52

George Weston Limited (TSE:WNGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$206.52 and last traded at C$206.57, with a volume of 124699 shares trading hands. The stock had previously closed at C$203.12.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WN. CIBC increased their target price on George Weston from C$222.00 to C$235.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Desjardins lifted their target price on shares of George Weston from C$205.00 to C$212.00 in a research note on Wednesday, May 8th. BMO Capital Markets increased their target price on shares of George Weston from C$185.00 to C$196.00 in a research report on Wednesday, May 8th. Scotiabank boosted their price target on shares of George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. Finally, TD Securities increased their target price on shares of George Weston from C$226.00 to C$227.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, George Weston presently has an average rating of “Moderate Buy” and a consensus target price of C$216.67.

Get Our Latest Stock Report on WN

George Weston Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 159.31. The stock has a fifty day moving average price of C$193.78 and a 200-day moving average price of C$181.80. The firm has a market cap of C$27.83 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38.

George Weston (TSE:WNGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported C$2.30 earnings per share for the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. The business had revenue of C$13.74 billion for the quarter. On average, analysts expect that George Weston Limited will post 12.1466667 earnings per share for the current fiscal year.

George Weston Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Saturday, June 15th were issued a $0.82 dividend. The ex-dividend date was Friday, June 14th. This is a boost from George Weston’s previous quarterly dividend of $0.71. This represents a $3.28 dividend on an annualized basis and a yield of 1.58%. George Weston’s dividend payout ratio (DPR) is 34.64%.

Insider Buying and Selling

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$190.49, for a total value of C$1,904,880.00. In other news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$190.49, for a total value of C$1,904,880.00. Also, Senior Officer Rashid Wasti sold 1,307 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of C$193.25, for a total value of C$252,577.75. Insiders have sold a total of 26,307 shares of company stock worth $5,071,972 in the last quarter. Company insiders own 58.49% of the company’s stock.

About George Weston

(Get Free Report)

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.

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