George Weston (TSE:WN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$220.58 and traded as high as C$227.85. George Weston shares last traded at C$226.41, with a volume of 127,230 shares changing hands.

Analyst Ratings Changes

Several research analysts recently issued reports on WN shares. Desjardins upped their price target on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. Scotiabank upgraded shares of George Weston from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$218.00 to C$240.00 in a research report on Wednesday, January 8th. Royal Bank of Canada raised their price target on shares of George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a report on Monday, December 9th. CIBC upped their price objective on George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Finally, TD Securities lifted their target price on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$252.42.

George Weston Price Performance

The firm has a market capitalization of C$29.80 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. The company’s fifty day moving average is C$224.99 and its two-hundred day moving average is C$220.90.

Insider Activity

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Insiders have sold a total of 15,150 shares of company stock valued at $3,393,420 in the last 90 days. 59.41% of the stock is owned by company insiders.

George Weston Company Profile

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.