George Weston (TSE:WN) Price Target Lowered to C$218.00 at Scotiabank

George Weston (TSE:WN) had its price objective lowered by Scotiabank from C$222.00 to C$218.00 in a research note released on Wednesday morning,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Desjardins lifted their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. TD Securities increased their price objective on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. BMO Capital Markets lifted their target price on shares of 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. Finally, CIBC increased their price target on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, George Weston has an average rating of “Moderate Buy” and an average target price of C$246.58.

George Weston Trading Down 0.1 %

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

Insiders Place Their Bets

In other George Weston news, Senior Officer Rashid Wasti bought 2,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of C$21.67 per share, for a total transaction of C$43,340.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of George Weston stock in a transaction dated 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. In the last 90 days, insiders have purchased 7,100 shares of company stock worth $153,149 and have sold 54,115 shares worth $12,177,793. Corporate 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.