George Weston (TSE:WN) Sets New 52-Week High – Here’s What Happened

George Weston Limited (TSE:WN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$97.49 and last traded at C$96.52, with a volume of 85648 shares changing hands. The stock had previously closed at C$95.83.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WN shares. TD Securities boosted their target price on shares of George Weston from C$105.00 to C$108.00 in a report on Thursday, November 13th. BMO Capital Markets raised their target price on George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. CIBC upped their price target on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Finally, Scotiabank increased their price target on George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$104.39.

George Weston Trading Up 2.0%

The company has a market cap of C$37.35 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 5.03 and a beta of 0.47. The firm has a 50-day moving average of C$88.14 and a 200 day moving average of C$88.58. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

George Weston (TSE:WN) last released its earnings results on Friday, November 14th. The company reported C$1.37 earnings per share (EPS) for the quarter. The company had revenue of C$19.55 billion for the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. On average, analysts predict that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.

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%.