Rashid Wasti Purchases 1,000 Shares of George Weston Limited (TSE:WN) Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti purchased 1,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were bought at an average price of C$20.54 per share, for a total transaction of C$20,539.00.

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

• On Tuesday, September 17th, Rashid Wasti acquired 1,100 shares of George Weston stock. The shares were bought at an average price of C$21.99 per share, with a total value of C$24,189.99.
• On Monday, August 26th, Rashid Wasti bought 2,000 shares of George Weston stock. The stock was bought at an average price of C$21.67 per share, for a total transaction of C$43,340.00.
• On Wednesday, August 28th, Rashid Wasti sold 150 shares of George Weston stock. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50.
• On Friday, August 23rd, Rashid Wasti acquired 1,500 shares of George Weston stock. The stock was purchased at an average price of C$21.72 per share, for a total transaction of C$32,580.00.
• On Monday, August 19th, Rashid Wasti purchased 1,300 shares of George Weston stock. The stock was purchased at an average price of C$21.63 per share, for a total transaction of C$28,119.00.
• On Thursday, August 15th, Rashid Wasti sold 150 shares of George Weston stock. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00.
• On Wednesday, August 7th, Rashid Wasti acquired 1,500 shares of George Weston stock. The stock was acquired at an average cost of C$21.34 per share, with a total value of C$32,010.00.
• On Tuesday, July 30th, Rashid Wasti sold 3,300 shares of George Weston stock. The shares were sold at an average price of C$215.00, for a total value of C$709,500.00.

George Weston Price Performance

TSE WN traded down C$0.17 on Friday, reaching C$219.53. The company’s stock had a trading volume of 948,382 shares, compared to its average volume of 127,651. George Weston Limited has a twelve month low of C$144.41 and a twelve month high of C$229.22. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. The firm’s 50 day moving average is C$215.51 and its two-hundred day moving average is C$197.43. The stock has a market cap of C$29.01 billion, a PE ratio of 24.72, a PEG ratio of 1.70 and a beta of 0.42.

George Weston (TSE:WN) last issued its earnings results on Tuesday, July 30th. The company reported C$2.93 earnings per share for the quarter. The firm had revenue of C$14.09 billion during the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. As a group, sell-side analysts predict that George Weston Limited will post 13.0771496 EPS for the current year.

George Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, September 13th. George Weston’s payout ratio is 36.94%.

Wall Street Analysts Forecast Growth

WN has been the subject of several recent analyst reports. BMO Capital Markets increased their price target on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Desjardins increased their target price on shares of George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Securities dropped their price target on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, CIBC raised their price objective on shares of George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. 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, George Weston currently has an average rating of “Moderate Buy” and a consensus target price of C$229.67.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.