George Weston Limited (TSE:WN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$230.43 and traded as high as C$262.98. George Weston shares last traded at C$262.29, with a volume of 92,191 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on WN. Royal Bank of Canada upped their target price on George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Desjardins dropped their price objective on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Scotiabank lowered shares of George Weston from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$240.00 to C$241.00 in a report on Thursday, February 27th. Finally, CIBC reduced their price objective on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, George Weston presently has an average rating of “Moderate Buy” and a consensus target price of C$254.75.
Get Our Latest Analysis on George Weston
George Weston Stock Performance
Insider Activity
In other news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total value of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 250 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$238.75, for a total value of C$59,687.50. Over the last 90 days, insiders have bought 4,000 shares of company stock valued at $90,780 and have sold 77,461 shares valued at $17,949,441. 59.41% of the stock is currently owned by insiders.
About George Weston
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%.
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