George Weston (OTCMKTS:WNGRF) Hits New 1-Year High – Time to Buy?

George Weston Ltd. (OTCMKTS:WNGRF)’s stock price reached a new 52-week high on Monday. The company traded as high as $78.35 and last traded at $78.35, with a volume of 155 shares changing hands. The stock had previously closed at $71.55.

Wall Street Analysts Forecast Growth

WNGRF has been the topic of a number of analyst reports. BMO Capital Markets restated an “outperform” rating on shares of George Weston in a research report on Monday, August 3rd. Scotiabank reiterated a “sector perform” rating on shares of George Weston in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

George Weston Trading Up 7.4%

The business has a 50 day simple moving average of $71.56 and a 200-day simple moving average of $71.59. The company has a current ratio of 1.05, a quick ratio of 0.60 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $29.21 billion, a price-to-earnings ratio of 42.21 and a beta of 0.45.

George Weston (OTCMKTS:WNGRF) last posted its quarterly 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 net margin of 1.54% and a return on equity of 14.12%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.72 billion.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian holding and operating company with a long history in the food retail, pharmacy, and real estate sectors. Founded in 1882 by George Weston as a bakery business, the company expanded over time through acquisitions and the development of consumer brands and retail operations.

George Weston’s principal business interests are its ownership stakes in Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw operates supermarkets, pharmacies, and other retail businesses across Canada through banners that include Loblaws, Real Canadian Superstore, No Frills, Shoppers Drug Mart, and Pharmaprix.