Insider Selling: George Weston Limited (TSE:WN) Senior Officer Sells 5,000 Shares of Stock

George Weston Limited (TSE:WN) Senior Officer Richard Dufresne sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$221.72, for a total value of C$1,108,589.00.

Richard Dufresne also recently made the following trade(s):

• On Thursday, September 12th, Richard Dufresne sold 4,400 shares of George Weston stock. The shares were sold at an average price of C$226.89, for a total value of C$998,326.12.
• On Monday, September 9th, Richard Dufresne sold 5,000 shares of George Weston stock. The shares were sold at an average price of C$221.48, for a total value of C$1,107,420.50.
• On Tuesday, September 3rd, Richard Dufresne sold 5,000 shares of George Weston stock. The shares were sold at an average price of C$218.51, for a total value of C$1,092,546.00.

George Weston Stock Up 0.6 %

George Weston stock opened at C$223.64 on Friday. The firm has a market cap of C$29.55 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 5.03 and a beta of 0.42. The stock has a fifty day simple moving average of C$223.32 and a two-hundred day simple moving average of C$211.72. George Weston Limited has a 12 month low of C$155.49 and a 12 month high of C$236.30. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WN. Desjardins lifted their price objective on George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. CIBC lifted their price objective on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. BMO Capital Markets lifted their price objective on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. TD Securities lifted their price objective on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Scotiabank lowered their price objective on George Weston from C$222.00 to C$218.00 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$246.58.

About George Weston

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.