George Weston (TSE:WN) Given New C$221.50 Price Target at BMO Capital Markets

George Weston (TSE:WN) had its target price raised by BMO Capital Markets from C$220.00 to C$221.50 in a research report released on Wednesday morning,BayStreet.CA reports.

Several other analysts have also recently commented on the stock. CIBC upped their target price on shares of George Weston from C$254.00 to C$269.00 in a research report on Wednesday. Scotiabank reduced their target price on George Weston from C$222.00 to C$218.00 in a report on Wednesday. Desjardins upped their price target on George Weston from C$232.00 to C$255.00 in a research note on Wednesday. Royal Bank of Canada lifted their price objective on shares of George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. Finally, TD Securities upped their target price on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$246.58.

George Weston Stock Down 0.1 %

Shares of TSE WN opened at C$218.89 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. The firm has a market capitalization of C$28.92 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The firm’s 50-day moving average is C$223.70 and its 200-day moving average is C$210.80. George Weston has a 1 year low of C$155.49 and a 1 year high of C$236.30.

Insider Buying and Selling at George Weston

In other news, Senior Officer Richard Dufresne sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$218.51, for a total transaction of C$1,092,546.00. Also, Senior Officer Rashid Wasti bought 2,000 shares of George Weston stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of C$21.67 per share, with a total value of C$43,340.00. Over the last quarter, insiders have purchased 7,100 shares of company stock valued at $153,149 and have sold 54,115 shares valued at $12,177,793. Insiders own 59.41% of the company’s stock.

George Weston Company Profile

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.