George Weston (TSE:WN) Sets New 52-Week High at $107.00

George Weston Limited (TSE:WN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$107.00 and last traded at C$106.70, with a volume of 96222 shares traded. The stock had previously closed at C$104.38.

Several analysts have issued reports on WN shares. BMO Capital Markets decreased their price objective on shares of George Weston from C$116.00 to C$110.00 in a research note on Monday, July 29th. CIBC raised their price objective on shares of George Weston from C$114.00 to C$116.00 in a research note on Monday, July 29th.

The company has a debt-to-equity ratio of 163.12, a quick ratio of 0.64 and a current ratio of 1.21. The stock has a market capitalization of $16.00 billion and a price-to-earnings ratio of -104.57. The business has a 50 day moving average price of C$101.00.

George Weston (TSE:WN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$1.30 earnings per share (EPS) for the quarter. The firm had revenue of C$11.17 billion during the quarter. As a group, research analysts anticipate that George Weston Limited will post 7.3999996 EPS for the current fiscal year.

In related news, Senior Officer Rashid Wasti purchased 400 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was purchased at an average price of C$100.83 per share, with a total value of C$40,332.00. Following the completion of the purchase, the insider now owns 10,200 shares of the company’s stock, valued at approximately C$1,028,466. Also, Senior Officer Gordon Andrew Mcdonald Currie sold 25,000 shares of George Weston stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$102.22, for a total transaction of C$2,555,467.50. Following the sale, the insider now directly owns 20,278 shares of the company’s stock, valued at approximately C$2,072,790.80. In the last three months, insiders sold 40,885 shares of company stock valued at $4,227,042.

About George Weston (TSE:WN)

George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company operates through three segments: Weston Foods, Loblaw, and Choice Properties. The Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, tortillas, cakes, donuts, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience store chains, food service distributors, and outlets.

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