George Weston Limited (WN) Director William Downe Buys 450 Shares

George Weston Limited (TSE:WN) Director William Downe purchased 450 shares of George Weston stock in a transaction on Thursday, November 29th. The shares were acquired at an average price of C$95.96 per share, with a total value of C$43,182.00.

Shares of George Weston stock traded down C$1.18 during trading on Friday, hitting C$96.07. The stock had a trading volume of 369,600 shares, compared to its average volume of 179,864. The company has a debt-to-equity ratio of 119.84, a quick ratio of 0.66 and a current ratio of 1.15. George Weston Limited has a fifty-two week low of C$89.02 and a fifty-two week high of C$112.08.

Several brokerages have recently weighed in on WN. CIBC cut their price objective on George Weston from C$119.00 to C$114.00 in a report on Wednesday, September 5th. BMO Capital Markets restated an “outperform” rating and issued a C$112.00 price objective on shares of George Weston in a report on Wednesday, November 21st. Barclays cut their price objective on George Weston from C$113.00 to C$96.00 in a report on Wednesday, November 21st. Finally, Royal Bank of Canada cut their price objective on George Weston from C$135.00 to C$123.00 and set an “outperform” rating for the company in a report on Friday, November 2nd.

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About George Weston

George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company's Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, flatbreads, rye bread, tortillas, doughnuts, cakes, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience stores, food service distributors, and outlets.

Further Reading: Leveraged Buyout (LBO) Explained

Insider Buying and Selling by Quarter for George Weston (TSE:WN)

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