George Weston (TSE:WN) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

George Weston Limited (TSE:WN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$220.58 and traded as high as C$227.85. George Weston shares last traded at C$226.41, with a volume of 127,230 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. CIBC raised their price target on George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. TD Securities raised their target price on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday, November 18th. Desjardins boosted their target price on shares of George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. Scotiabank upgraded shares of George Weston from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$218.00 to C$240.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada upped their price objective on George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, George Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of C$252.42.

George Weston Price Performance

The stock has a market cap of C$29.92 billion, a PE ratio of 25.50, a PEG ratio of 5.03 and a beta of 0.42. The firm’s 50-day moving average price is C$224.99 and its two-hundred day moving average price is C$220.58. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94.

Insider Buying and Selling at George Weston

In other news, Senior Officer Rashid Wasti sold 150 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 5,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of C$221.72, for a total value of C$1,108,589.00. In the last 90 days, insiders have sold 15,150 shares of company stock valued at $3,393,420. 59.41% of the stock is currently owned by corporate insiders.

About George Weston

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.