George Weston (OTCMKTS:WNGRF) Sets New 1-Year High – Here’s What Happened

Shares of George Weston Ltd. (OTCMKTS:WNGRF) reached a new 52-week high on Wednesday . The stock traded as high as $67.18 and last traded at $67.07, with a volume of 13350 shares traded. The stock had previously closed at $65.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WNGRF shares. Desjardins reaffirmed a “buy” rating on shares of George Weston in a report on Monday. Scotiabank restated a “sector perform” rating on shares of George Weston in a report on Monday. CIBC reaffirmed an “outperform” rating on shares of George Weston in a research report on Monday. TD Securities reiterated a “buy” rating on shares of George Weston in a research note on Monday, July 28th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of George Weston in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, George Weston presently has an average rating of “Moderate Buy”.

George Weston Price Performance

The business’s fifty day moving average price is $61.95 and its 200 day moving average price is $133.01. The firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of 36.45 and a beta of 0.55. The company has a current ratio of 1.37, a quick ratio of 0.77 and a debt-to-equity ratio of 1.16.

George Weston (OTCMKTS:WNGRF) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. George Weston had a net margin of 1.67% and a return on equity of 12.84%. The firm had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $16.95 billion.

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.