George Weston (OTCMKTS:WNGRF) Stock Price Passes Above Fifty Day Moving Average of $80.65

George Weston Limited (OTCMKTS:WNGRF)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $80.65 and traded as high as $88.82. George Weston shares last traded at $88.82, with a volume of 501 shares trading hands.

WNGRF has been the topic of a number of recent research reports. Desjardins upped their target price on shares of George Weston from $112.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, March 25th. CIBC upped their target price on shares of George Weston from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 25th. Royal Bank of Canada upped their target price on shares of George Weston from $129.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, March 3rd. BMO Capital Markets upped their price objective on shares of George Weston from $107.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, March 24th. Finally, Scotiabank upped their price objective on shares of George Weston from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, March 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $122.80.

The stock’s 50 day moving average price is $80.92 and its 200 day moving average price is $76.26. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 1.35. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 21.77 and a beta of 0.53.

About George Weston (OTCMKTS:WNGRF)

George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. The company operates through three segments: Loblaw Companies Limited (Loblaw), Choice Properties Real Estate Investment Trust (Choice Properties), and Weston Foods. The Loblaw segment provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services.

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