Richard Dufresne Sells 10,000 Shares of George Weston (TSE:WN) Stock

George Weston Limited (TSE:WN) insider Richard Dufresne sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$101.04, for a total transaction of C$1,010,400.00. Following the completion of the sale, the insider directly owned 19,911 shares of the company’s stock, valued at approximately C$2,011,807.44. The trade was a 33.43% decrease in their position.

Richard Dufresne also recently made the following trade(s):

• On Wednesday, September 16th, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$100.47, for a total transaction of C$2,009,400.00.
• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$98.56, for a total transaction of C$1,971,200.00.
• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$101.33, for a total transaction of C$2,026,600.00.

George Weston Price Performance

Shares of TSE WN traded up C$1.31 during midday trading on Monday, reaching C$100.65. The company’s stock had a trading volume of 181,638 shares, compared to its average volume of 325,076. The company has a debt-to-equity ratio of 438.92, a quick ratio of 0.73 and a current ratio of 1.05. George Weston Limited has a fifty-two week low of C$82.77 and a fifty-two week high of C$107.94. The business’s 50 day moving average price is C$100.99 and its two-hundred day moving average price is C$99.38. The company has a market cap of C$37.66 billion, a P/E ratio of 39.47, a P/E/G ratio of 5.03 and a beta of 0.24.

George Weston (TSE:WN) last issued its quarterly earnings results on Friday, July 31st. The company reported C$1.08 earnings per share (EPS) for the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%.The business had revenue of C$15.20 billion for the quarter. On average, analysts forecast that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upgraded George Weston from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$103.00 to C$113.00 in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$113.00.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.