George Weston (TSE:WN) Sets New 1-Year High – Here’s What Happened

George Weston Limited (TSE:WN)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$97.04 and last traded at C$96.97, with a volume of 107761 shares. The stock had previously closed at C$94.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WN shares. Royal Bank Of Canada raised their price objective on shares of George Weston from C$105.33 to C$107.67 in a research note on Wednesday, July 30th. Scotiabank lifted their price objective on George Weston from C$95.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. TD Securities raised their target price on George Weston from C$105.00 to C$108.00 in a research note on Thursday, November 13th. Desjardins raised their price target on George Weston from C$100.00 to C$101.67 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, CIBC increased their target price on George Weston from C$100.00 to C$112.00 in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, George Weston presently has an average rating of “Moderate Buy” and an average target price of C$104.39.

George Weston Stock Performance

The stock has a market cap of C$36.85 billion, a PE ratio of 25.72, a PEG ratio of 5.03 and a beta of 0.47. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The stock has a fifty day simple moving average of C$87.68 and a two-hundred day simple moving average of C$88.41.

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

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%.