George Weston (TSE:WN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

George Weston Limited (TSE:WN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$87.65 and traded as high as C$90.19. George Weston shares last traded at C$89.21, with a volume of 345,381 shares.

Analysts Set New Price Targets

WN has been the subject of a number of research reports. Desjardins raised their price objective 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. BMO Capital Markets raised their price objective on George Weston from C$90.33 to C$94.67 in a research report on Wednesday, July 30th. Scotiabank raised 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 price objective on George Weston from C$102.67 to C$104.33 and gave the stock a “buy” rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada lifted their price target on George Weston from C$105.33 to C$107.67 in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.00.

George Weston Price Performance

The stock has a 50 day moving average of C$86.80 and a two-hundred day moving average of C$87.65. 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 firm has a market capitalization of C$34.34 billion, a P/E ratio of 34.85, a P/E/G ratio of 5.03 and a beta of 0.47.

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%.