George Weston Limited (TSE:WN) Senior Officer Sells C$59,687.50 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 250 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$238.75, for a total transaction of C$59,687.50.

Rashid Wasti also recently made the following trade(s):

• On Tuesday, March 4th, Rashid Wasti acquired 1,000 shares of George Weston stock. The shares were bought at an average cost of C$24.60 per share, with a total value of C$24,600.00.
• On Friday, February 28th, Rashid Wasti sold 250 shares of George Weston stock. The stock was sold at an average price of C$231.30, for a total transaction of C$57,825.00.

George Weston Stock Performance

George Weston stock opened at C$238.05 on Monday. The firm’s 50 day simple moving average is C$224.12 and its 200-day simple moving average is C$224.32. The company has a market cap of C$30.90 billion, a P/E ratio of 47.65, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. 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 Limited has a fifty-two week low of C$174.30 and a fifty-two week high of C$239.79.

Analysts Set New Price Targets

WN has been the topic of a number of recent research reports. TD Securities raised their price target on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. CIBC cut their price objective on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Desjardins dropped their price target on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Scotiabank downgraded shares of George Weston from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$240.00 to C$241.00 in a research report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price objective on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$251.42.

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%.