George Weston (OTCMKTS:WNGRF) Shares Gap Up – What’s Next?

George Weston Ltd. (OTCMKTS:WNGRF) shares gapped up before the market opened on Wednesday. The stock had previously closed at $70.22, but opened at $72.96. George Weston shares last traded at $72.96, with a volume of 502 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of George Weston in a report on Monday, August 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

George Weston Trading Up 2.0%

The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.60 and a current ratio of 1.05. The firm has a market cap of $27.20 billion, a P/E ratio of 39.31 and a beta of 0.45. The firm has a fifty day moving average of $71.57 and a 200-day moving average of $71.52.

George Weston (OTCMKTS:WNGRF) last announced its earnings results on Friday, July 31st. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). George Weston had a return on equity of 14.12% and a net margin of 1.54%. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.72 billion.

About George Weston

George Weston Limited is a Canadian holding company with principal interests in food retailing, consumer products and commercial real estate. Its largest operating investment is Loblaw Companies Limited, which operates supermarkets, discount stores, pharmacies and other retail businesses across Canada under brands including Loblaws, No Frills, Real Canadian Superstore, Shoppers Drug Mart and T&T. Loblaw also provides financial services and operates loyalty and consumer-commerce platforms.

George Weston also has an interest in Choice Properties Real Estate Investment Trust, a Canadian owner and operator of retail and commercial properties.