George Weston (OTCMKTS:WNGRF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

George Weston Ltd. (OTCMKTS:WNGRF) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $72.13 and traded as high as $72.83. George Weston shares last traded at $72.83, with a volume of 1,978 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on WNGRF shares. Scotiabank restated a “sector perform” rating on shares of George Weston in a research report on Wednesday, August 5th. BMO Capital Markets reissued an “outperform” rating on shares of George Weston in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, George Weston presently has a consensus rating of “Moderate Buy”.

George Weston Stock Performance

The business has a 50 day simple moving average of $72.17 and a two-hundred day simple moving average of $71.44. The company has a current ratio of 1.05, a quick ratio of 0.60 and a debt-to-equity ratio of 1.01. The company has a market cap of $26.92 billion, a PE ratio of 38.84 and a beta of 0.44.

George Weston (OTCMKTS:WNGRF) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). George Weston had a net margin of 1.54% and a return on equity of 14.12%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.72 billion.

George Weston Company Profile

George Weston Limited is a Canadian holding and investment company with a long history in the food retail, consumer products and real estate sectors. Founded in 1882 by George Weston as a bakery business, the company has grown into one of Canada’s major corporate enterprises through a portfolio of operating and real estate investments.

Its principal operating investment is Loblaw Companies Limited, Canada’s largest food and pharmacy retailer. Loblaw operates supermarkets, discount grocery stores, drugstores and other retail banners, including Loblaws, Real Canadian Superstore, No Frills, Shoppers Drug Mart and Maxi.