George Weston (TSE:WN) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

George Weston Limited (TSE:WN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$87.18 and traded as low as C$82.77. George Weston shares last traded at C$84.07, with a volume of 266,567 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WN shares. BMO Capital Markets increased their target price on shares of George Weston from C$90.33 to C$94.67 in a research report on Wednesday, July 30th. Desjardins raised their price objective on shares of George Weston from C$100.00 to C$101.67 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on shares of George Weston from C$105.33 to C$107.67 in a research report on Wednesday, July 30th. TD Securities raised their price objective on shares of George Weston from C$102.67 to C$104.33 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Scotiabank raised their price objective on shares of George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Four 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$101.00.

George Weston Stock Performance

The firm’s fifty day simple moving average is C$86.96 and its 200 day simple moving average is C$87.18. The company has a market capitalization of C$32.36 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 5.03 and a beta of 0.47. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73.

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%.