Insider Selling: George Weston (TSE:WN) Insider Sells C$1,010,400.00 in Stock

George Weston Limited (TSE:WN) insider Richard Dufresne sold 10,000 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of C$101.04, for a total value of C$1,010,400.00. Following the completion of the transaction, the insider directly owned 19,911 shares in the company, valued at approximately C$2,011,807.44. This trade represents a 33.43% decrease in their position.

Richard Dufresne also recently made the following trade(s):

• On Wednesday, September 16th, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$100.47, for a total value of C$2,009,400.00.
• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$98.56, for a total transaction of C$1,971,200.00.
• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The shares were sold at an average price of C$101.33, for a total transaction of C$2,026,600.00.

George Weston Trading Down 1.2%

Shares of WN stock opened at C$100.59 on Thursday. The company has a debt-to-equity ratio of 438.92, a current ratio of 1.05 and a quick ratio of 0.73. The firm has a market cap of C$37.64 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 5.03 and a beta of 0.24. The company has a 50-day moving average of C$101.01 and a two-hundred day moving average of C$99.48. George Weston Limited has a 1-year low of C$82.77 and a 1-year high of C$107.94.

George Weston (TSE:WN) last released its quarterly earnings results on Friday, July 31st. The company reported C$1.08 earnings per share (EPS) for the quarter. George Weston had a net margin of 1.59% and a return on equity of 20.42%. The business had revenue of C$15.20 billion for the quarter. On average, analysts predict that George Weston Limited will post 13.0245758 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised George Weston from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$103.00 to C$113.00 in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$113.00.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.