George Weston Limited (TSE:WN) Senior Officer Sells C$422,079.10 in Stock

George Weston Limited (TSE:WN) Senior Officer Andrew Michael Bunston sold 2,303 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total transaction of C$422,079.10.

Andrew Michael Bunston also recently made the following trade(s):

• On Monday, March 11th, Andrew Michael Bunston sold 1,606 shares of George Weston stock. The shares were sold at an average price of C$181.51, for a total transaction of C$291,506.51.

George Weston Stock Performance

TSE:WN opened at C$185.28 on Thursday. George Weston Limited has a twelve month low of C$144.41 and a twelve month high of C$187.93. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23. The company has a 50-day moving average of C$176.22 and a 200-day moving average of C$164.36. The firm has a market cap of C$24.90 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38.

George Weston (TSE:WN) last announced its earnings results on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. George Weston had a net margin of 2.56% and a return on equity of 19.71%. The company had revenue of C$14.70 billion during the quarter. Analysts forecast that George Weston Limited will post 11.9980645 earnings per share for the current fiscal year.

George Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a $0.713 dividend. This represents a $2.85 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, March 14th. George Weston’s payout ratio is 26.51%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of George Weston from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. TD Securities increased their target price on shares of George Weston from C$205.00 to C$215.00 and gave the company a “buy” rating in a research report on Monday, February 26th. BMO Capital Markets raised their price objective on shares of George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, CIBC raised their price objective on shares of George Weston from C$213.00 to C$222.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. One 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$201.00.

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.