George Weston (OTCMKTS:WNGRF) Shares Gap Up – Here’s What Happened

George Weston Ltd. (OTCMKTS:WNGRF) gapped up before the market opened on Tuesday . The stock had previously closed at $72.0720, but opened at $75.5565. George Weston shares last traded at $75.5565, with a volume of 679 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised shares of George Weston from a “market perform” rating to an “outperform” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

George Weston Stock Performance

The stock has a market cap of $28.34 billion, a P/E ratio of 36.34 and a beta of 0.47. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.11 and a quick ratio of 0.64. The company has a fifty day moving average of $71.76 and a 200 day moving average of $71.15.

George Weston (OTCMKTS:WNGRF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). George Weston had a net margin of 1.74% and a return on equity of 13.95%. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.53 billion.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.