George Weston Limited (TSE:WN) Senior Officer Buys C$24,600.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of C$24.60 per share, for a total transaction of C$24,600.00.

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

• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The shares were sold at an average price of C$238.75, for a total value of C$59,687.50.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The shares were sold at an average price of C$231.30, for a total value of C$57,825.00.

George Weston Price Performance

Shares of WN stock opened at C$238.05 on Monday. The firm has a market cap 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 fifty-two week low of C$174.30 and a fifty-two week high of C$239.79. The business’s 50 day moving average price is C$224.12 and its 200-day moving average price is C$224.32. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Analysts Set New Price Targets

WN has been the topic of a number of analyst reports. TD Securities lifted their price target on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Royal Bank of Canada decreased their price target on George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. CIBC decreased their price target on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Scotiabank cut George Weston from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Finally, BMO Capital Markets lifted their price target on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s 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.

George Weston Company Profile

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%.