George Weston (TSE:WN) Stock Price Passes Above Two Hundred 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 Friday . The stock has a two hundred day moving average of C$206.08 and traded as high as C$223.61. George Weston shares last traded at C$222.40, with a volume of 89,407 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Securities dropped their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Desjardins lifted their price target on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. CIBC lifted their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets boosted their target price on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$229.67.

George Weston Stock Performance

The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. The stock has a 50-day simple moving average of C$222.13 and a 200 day simple moving average of C$206.08. The company has a market capitalization of C$29.39 billion, a PE ratio of 25.05, a P/E/G ratio of 5.03 and a beta of 0.42.

George Weston (TSE:WN) last released its earnings results on Tuesday, July 30th. The company reported C$2.93 EPS for the quarter. The firm had revenue of C$14.09 billion during the quarter. George Weston had a return on equity of 17.52% and a net margin of 2.06%. Equities analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

Insiders Place Their Bets

In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. Also, Senior Officer Rashid Wasti bought 1,500 shares of the stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of C$21.34 per share, with a total value of C$32,010.00. Over the last three months, insiders bought 9,400 shares of company stock worth $202,958 and sold 54,419 shares worth $12,242,452. 59.41% of the stock is currently owned by 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.