Desjardins Forecasts Strong Price Appreciation for George Weston (TSE:WN) Stock

George Weston (TSE:WN) had its price target lifted by research analysts at Desjardins from C$232.00 to C$255.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Desjardins’ price target suggests a potential upside of 16.40% from the stock’s current price.

WN has been the subject of several other research reports. CIBC boosted their price objective on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada boosted their price objective on George Weston from C$230.00 to C$253.00 in a research report on Tuesday, November 12th. Scotiabank dropped their price target on George Weston from C$222.00 to C$218.00 in a research report on Wednesday. TD Securities upped their price target on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price objective on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$246.58.

George Weston Trading Up 0.0 %

Shares of WN stock opened at C$219.08 on Wednesday. The company has a market cap of C$28.95 billion, a P/E ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.42. The stock has a 50 day simple moving average of C$223.76 and a two-hundred day simple moving average of C$210.57. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. George Weston has a fifty-two week low of C$155.49 and a fifty-two week high of C$236.30.

Insider Activity

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of George Weston stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. Also, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total value of C$33,376.50. In the last three months, insiders have bought 6,100 shares of company stock worth $131,699 and have sold 54,115 shares worth $12,177,793. Corporate insiders own 59.41% of the company’s stock.

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.