George Weston Limited (TSE:WN) insider Rashid Wasti sold 6,116 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of C$105.85, for a total transaction of C$647,378.60.
Rashid Wasti also recently made the following trade(s):
- On Wednesday, March 21st, Rashid Wasti purchased 150 shares of George Weston stock. The stock was acquired at an average price of C$104.51 per share, with a total value of C$15,676.50.
- On Monday, March 19th, Rashid Wasti purchased 150 shares of George Weston stock. The stock was acquired at an average price of C$104.24 per share, with a total value of C$15,636.00.
Shares of TSE WN traded down C$0.80 during mid-day trading on Friday, reaching C$103.12. The company’s stock had a trading volume of 95,527 shares, compared to its average volume of 139,474. George Weston Limited has a 1-year low of C$100.62 and a 1-year high of C$125.67.
George Weston (TSE:WN) last issued its earnings results on Friday, March 2nd. The company reported C$1.78 EPS for the quarter. The business had revenue of C$11.41 billion during the quarter. George Weston had a net margin of 6.17% and a return on equity of 19.44%.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, March 14th.
Several research firms recently commented on WN. Barclays boosted their price objective on shares of George Weston from C$108.00 to C$109.00 in a research note on Monday, March 5th. CIBC cut their price target on shares of George Weston from C$119.00 to C$115.00 in a research note on Monday, March 5th. Royal Bank of Canada cut their price target on shares of George Weston from C$142.00 to C$137.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Finally, Scotiabank cut their price target on shares of George Weston from C$115.00 to C$111.00 and set a “sector perform” rating on the stock in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$119.83.
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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.
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