Insider Selling: George Weston Limited (TSE:WN) Senior Officer Sells 250 Shares of Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 250 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$238.75, for a total value of C$59,687.50.

Rashid Wasti also recently made the following trade(s):

• On Tuesday, March 4th, Rashid Wasti purchased 1,000 shares of George Weston stock. The shares were acquired at an average price of C$24.60 per share, with a total value of C$24,600.00.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$231.30, for a total value of C$57,825.00.

George Weston Stock Performance

Shares of WN opened at C$238.05 on Friday. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The stock has a 50 day moving average price of C$224.12 and a two-hundred day moving average price of C$224.27. The firm has a market capitalization of C$30.90 billion, a P/E ratio of 47.65, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston Limited has a 52 week low of C$174.30 and a 52 week high of C$239.79.

Analysts Set New Price Targets

A number of analysts have weighed in on WN shares. Desjardins decreased their price target on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a report on Thursday, February 27th. TD Securities raised 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. Scotiabank downgraded George Weston from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$240.00 to C$241.00 in a research note on Thursday, February 27th. CIBC reduced their target price on George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, BMO Capital Markets raised their target price on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, George Weston has an average rating of “Moderate Buy” and a consensus target price of C$251.42.

About George Weston

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%.