George Weston (TSE:WN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$220.58 and traded as high as C$227.85. George Weston shares last traded at C$226.41, with a volume of 127,230 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on WN shares. TD Securities boosted their target price on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. CIBC upped their price target on George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Scotiabank raised George Weston from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$218.00 to C$240.00 in a research note on Wednesday, January 8th. Desjardins boosted their target price on George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada increased their price target on George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$252.42.

George Weston Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. The stock’s 50-day moving average price is C$224.99 and its 200 day moving average price is C$220.90. The company has a market cap of C$29.80 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling at George Weston

In related news, Senior Officer Richard Dufresne sold 10,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total transaction of C$35,317.50. Insiders sold 15,150 shares of company stock worth $3,393,420 over the last ninety days. Company insiders own 59.41% of the company’s stock.

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.