George Weston (TSE:WN) Insider Richard Dufresne Sells 20,000 Shares of Stock

George Weston Limited (TSE:WN) insider Richard Dufresne sold 20,000 shares of George Weston stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$98.56, for a total transaction of C$1,971,200.00. Following the completion of the sale, the insider owned 19,911 shares in the company, valued at approximately C$1,962,428.16. This trade represents a 50.11% decrease in their position.

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

• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$101.33, for a total transaction of C$2,026,600.00.

George Weston Trading Up 0.4%

TSE WN traded up C$0.43 during trading on Friday, hitting C$100.93. The company had a trading volume of 286,030 shares, compared to its average volume of 327,733. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 438.92. George Weston Limited has a one year low of C$82.77 and a one year high of C$107.94. The company has a market cap of C$37.77 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 5.03 and a beta of 0.24. The company’s fifty day moving average is C$101.07 and its 200-day moving average is C$99.43.

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

Analyst Ratings Changes

Several research firms have weighed in on WN. Canadian Imperial Bank of Commerce cut their price objective on George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Scotia decreased their target price on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded George Weston from a “hold” rating to an “outperform” rating and raised their target price for the company from C$103.00 to C$113.00 in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.