George Weston Limited (TSE:WN) Senior Officer Rashid Wasti Sells 1,500 Shares

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 1,500 shares of George Weston stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$235.60, for a total transaction of C$353,400.00.

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

• On Friday, March 14th, Rashid Wasti purchased 1,500 shares of George Weston stock. The stock was acquired at an average cost of C$21.25 per share, with a total value of C$31,875.00.
• On Wednesday, March 12th, Rashid Wasti acquired 1,500 shares of George Weston stock. The shares were acquired at an average price of C$22.87 per share, for a total transaction of C$34,305.00.
• On Monday, March 10th, Rashid Wasti sold 750 shares of George Weston stock. The shares were sold at an average price of C$239.90, for a total value of C$179,925.00.
• On Tuesday, March 4th, Rashid Wasti purchased 1,000 shares of George Weston stock. The stock was bought at an average cost of C$24.60 per share, for a total transaction of C$24,600.00.
• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$238.75, for a total transaction 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 transaction of C$57,825.00.

George Weston Stock Performance

Shares of TSE:WN traded down C$2.00 during trading hours on Friday, hitting C$233.41. The stock had a trading volume of 416,845 shares, compared to its average volume of 137,819. The stock’s fifty day simple moving average is C$225.64 and its 200 day simple moving average is C$225.15. The firm has a market capitalization of C$30.30 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. George Weston Limited has a 1-year low of C$174.30 and a 1-year high of C$240.43.

Analysts Set New Price Targets

WN has been the topic of several research reports. Desjardins dropped their price target on George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. CIBC lowered their price objective on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada lowered their target price on George Weston from C$266.00 to C$264.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Scotiabank downgraded George Weston from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$240.00 to C$241.00 in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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%.