George Weston (OTCMKTS:WNGRF) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of George Weston Limited (OTCMKTS:WNGRF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $156.39 and traded as high as $160.29. George Weston shares last traded at $160.29, with a volume of 207 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Cibc World Mkts upgraded shares of George Weston to a “strong-buy” rating in a research note on Wednesday, November 20th.

George Weston Stock Down 3.4 %

The stock’s 50 day simple moving average is $161.44 and its two-hundred day simple moving average is $156.39. The firm has a market cap of $20.93 billion, a P/E ratio of 48.72 and a beta of 0.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.32 and a quick ratio of 0.72.

About George Weston

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