Rashid Wasti Buys 1,200 Shares of George Weston Limited (TSE:WN) Stock
George Weston Limited (TSE:WN – Get Rating) Senior Officer Rashid Wasti purchased 1,200 shares of George Weston stock in a transaction that occurred on Wednesday, November 23rd. The shares were purchased at an average price of C$22.70 per share, for a total transaction of C$27,240.00. Following the transaction, the insider now directly owns 1,200 shares in the company, valued at approximately C$27,240.
George Weston Trading Down 0.0 %
Shares of WN stock traded down C$0.03 during trading hours on Thursday, hitting C$165.87. 68,749 shares of the company’s stock traded hands, compared to its average volume of 168,742. The stock’s 50 day simple moving average is C$149.17 and its 200 day simple moving average is C$151.29. The stock has a market cap of C$24.01 billion and a PE ratio of 14.94. George Weston Limited has a 12 month low of C$130.81 and a 12 month high of C$168.79. The company has a quick ratio of 0.78, a current ratio of 1.38 and a debt-to-equity ratio of 150.48.
George Weston Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, December 14th. George Weston’s payout ratio is currently 22.08%.
Analyst Ratings Changes
WN has been the topic of several analyst reports. BMO Capital Markets increased their price target on shares of George Weston from C$166.00 to C$172.00 in a research report on Wednesday. Scotiabank raised their target price on shares of George Weston from C$168.00 to C$175.00 in a research report on Wednesday. TD Securities raised their target price on shares of George Weston from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Friday, November 18th. CIBC raised their target price on shares of George Weston from C$193.00 to C$204.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of George Weston from C$203.00 to C$204.00 and gave the company an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, George Weston has a consensus rating of “Moderate Buy” and an average price target of C$183.83.
About George Weston
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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