George Weston (TSE:WN) Stock Crosses Below Two Hundred Day Moving Average of $148.07 – Defense World

Wealthlandnews
Wealthlandnews June 16, 2022
Updated 2022/06/16 at 6:24 AM

Posted by on Jun 16th, 2022
George Weston Limited (TSE:WNGet Rating) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$148.07 and traded as low as C$147.10. George Weston shares last traded at C$147.58, with a volume of 303,164 shares changing hands.
WN has been the topic of several recent research reports. Royal Bank of Canada increased their price objective on George Weston from C$165.00 to C$179.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 10th. TD Securities lifted their price objective on shares of George Weston from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research note on Wednesday, March 16th. Finally, CIBC boosted their price objective on shares of George Weston from C$177.00 to C$188.00 and gave the company an “outperform” rating in a report on Thursday, May 12th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, George Weston currently has a consensus rating of “Buy” and a consensus price target of C$168.67.
The business’s 50-day simple moving average is C$155.17 and its two-hundred day simple moving average is C$148.07. The stock has a market cap of C$21.63 billion and a price-to-earnings ratio of 45.82. The company has a debt-to-equity ratio of 148.99, a current ratio of 1.47 and a quick ratio of 0.82.

  • George Weston (TSE:WNGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported C$1.90 earnings per share for the quarter. The firm had revenue of C$12.41 billion for the quarter. Equities research analysts forecast that George Weston Limited will post 10.7899999 earnings per share for the current year.
    The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a $0.66 dividend. This is a boost from George Weston’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, June 14th. George Weston’s dividend payout ratio is 72.96%.
    In related news, Director Alannah Elizabeth Weston sold 17,800 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of C$154.16, for a total transaction of C$2,744,062.24. Following the completion of the transaction, the director now directly owns 67,840 shares of the company’s stock, valued at approximately C$10,458,268.67.
    About George Weston (TSE:WN)
    George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.
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