George Weston (OTCMKTS:WNGRF) Shares Gap Up – Still a Buy?

George Weston Ltd. (OTCMKTS:WNGRF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $62.22, but opened at $63.89. George Weston shares last traded at $63.89, with a volume of 400 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotiabank restated a “sector perform” rating on shares of George Weston in a research report on Thursday, August 21st. BMO Capital Markets reissued a “market perform” rating on shares of George Weston in a report on Wednesday, July 30th. Finally, TD Securities restated a “buy” rating on shares of George Weston in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

George Weston Stock Up 2.7%

The business has a 50-day moving average of $61.68 and a 200 day moving average of $137.34. The company has a market capitalization of $24.45 billion, a PE ratio of 34.72 and a beta of 0.55. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.37 and a quick ratio of 0.77.

George Weston (OTCMKTS:WNGRF) last released its quarterly earnings data on Friday, November 14th. The company reported $0.99 earnings per share (EPS) for the quarter. George Weston had a return on equity of 12.84% and a net margin of 1.67%.

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.