George Weston Limited (TSE:WN) Senior Officer Sells C$59,687.50 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 250 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$238.75, for a total transaction of C$59,687.50.

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

• On Tuesday, March 4th, Rashid Wasti acquired 1,000 shares of George Weston stock. The shares were purchased at an average cost of C$24.60 per share, for a total transaction of C$24,600.00.
• 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

TSE:WN opened at C$238.05 on Monday. The firm’s 50 day moving average is C$224.12 and its two-hundred day moving average is C$224.32. George Weston Limited has a fifty-two week low of C$174.30 and a fifty-two week high of C$239.79. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The company has a market cap of C$30.90 billion, a P/E ratio of 47.65, a P/E/G ratio of 5.03 and a beta of 0.42.

Analyst Ratings Changes

WN has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. TD Securities upped their price objective on shares of 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. Scotiabank downgraded shares of George Weston from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$240.00 to C$241.00 in a research note on Thursday, February 27th. CIBC cut their price target on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased their price target on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$251.42.

George Weston Company Profile

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%.