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

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti acquired 1,500 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of C$21.25 per share, for a total transaction of C$31,875.00.

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

• On Wednesday, March 12th, Rashid Wasti bought 1,500 shares of George Weston stock. The shares were acquired at an average cost of C$22.87 per share, with a total value 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 transaction of C$179,925.00.
• On Tuesday, March 4th, Rashid Wasti acquired 1,000 shares of George Weston stock. The stock was acquired at an average cost of C$24.60 per share, with a total value of C$24,600.00.
• On Friday, March 7th, Rashid Wasti sold 250 shares of George Weston stock. The shares were 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 value of C$57,825.00.

George Weston Stock Up 1.4 %

Shares of WN traded up C$3.12 during trading on Friday, reaching C$232.13. The company’s stock had a trading volume of 104,968 shares, compared to its average volume of 133,485. The company has a market cap of C$30.13 billion, a price-to-earnings ratio of 46.46, a P/E/G ratio of 5.03 and a beta of 0.42. 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 fifty day moving average of C$224.80 and a two-hundred day moving average of C$224.71. George Weston Limited has a twelve month low of C$174.30 and a twelve month high of C$240.43.

Analyst Upgrades and Downgrades

WN has been the subject of several analyst reports. Desjardins decreased their target price on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. TD Securities upped their price target on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. BMO Capital Markets increased their price objective on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. Royal Bank of Canada reduced their target price on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, Scotiabank lowered shares of George Weston from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$240.00 to C$241.00 in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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%.