George Weston (WN) Hits New 52-Week Low at $101.29

George Weston Limited (TSE:WN) shares hit a new 52-week low on Friday . The stock traded as low as C$101.29 and last traded at C$101.51, with a volume of 38092 shares traded. The stock had previously closed at C$102.42.

Several brokerages have weighed in on WN. Barclays increased their target price on shares of George Weston from C$108.00 to C$109.00 in a research note on Monday, March 5th. Scotiabank lowered their price objective on shares of George Weston from C$115.00 to C$111.00 and set a “sector perform” rating for the company in a research note on Monday, March 5th. Royal Bank of Canada raised their price objective on shares of George Weston from C$137.00 to C$138.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. Finally, CIBC lowered their price objective on shares of George Weston from C$119.00 to C$115.00 in a research note on Monday, March 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of C$119.83.

How to Become a New Pot Stock Millionaire

The firm has a market cap of $13,510.00, a P/E ratio of 18.77 and a beta of 0.35.

George Weston (TSE:WN) last posted its quarterly earnings data on Friday, March 2nd. The company reported C$1.78 EPS for the quarter. George Weston had a net margin of 6.17% and a return on equity of 19.44%. The business had revenue of C$11.41 billion during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, March 14th. George Weston’s payout ratio is 33.55%.

In related news, insider Rashid Wasti sold 6,116 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of C$105.85, for a total value of C$647,378.60. Also, Director Paviter Singh Binning sold 31,068 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of C$105.85, for a total transaction of C$3,288,547.80. In the last three months, insiders bought 1,300 shares of company stock valued at $56,853.

TRADEMARK VIOLATION NOTICE: This article was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3297939/george-weston-wn-hits-new-52-week-low-at-101-29.html.

About George Weston

George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.

Receive News & Ratings for George Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for George Weston and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$3.95 Billion in Sales Expected for Kohl’s  This Quarter
$3.95 Billion in Sales Expected for Kohl’s This Quarter
$0.50 EPS Expected for Bitauto Hldg Ltd  This Quarter
$0.50 EPS Expected for Bitauto Hldg Ltd This Quarter
Inogen  Expected to Post Quarterly Sales of $62.60 Million
Inogen Expected to Post Quarterly Sales of $62.60 Million
Steem  Trading Up 13.1% Over Last Week
Steem Trading Up 13.1% Over Last Week
BitAsean  Market Capitalization Achieves $88,048.00
BitAsean Market Capitalization Achieves $88,048.00
C R Bard  Earns Coverage Optimism Rating of 0.16
C R Bard Earns Coverage Optimism Rating of 0.16


© 2006-2018 Ticker Report. Google+.