FY2024 EPS Estimates for George Weston Boosted by Desjardins

George Weston Limited (TSE:WN) – Equities research analysts at Desjardins upped their FY2024 EPS estimates for George Weston in a research note issued on Wednesday, November 20th. Desjardins analyst C. Li now anticipates that the company will earn $11.81 per share for the year, up from their prior forecast of $11.67. The consensus estimate for George Weston’s current full-year earnings is $13.02 per share. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.48 EPS.

Several other analysts also recently weighed in on WN. TD Securities lifted 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 report on Monday, November 18th. CIBC lifted their price objective on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Royal Bank of Canada increased their target price on George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. Scotiabank lowered their target price on George Weston from C$222.00 to C$218.00 in a report on Wednesday, November 20th. Finally, BMO Capital Markets boosted their price target on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$246.58.

George Weston Price Performance

George Weston stock opened at C$218.18 on Monday. The company’s 50 day simple moving average is C$223.58 and its 200-day simple moving average is C$211.01. 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 1 year low of C$155.49 and a 1 year high of C$236.30. The company has a market capitalization of C$28.83 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Activity

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were 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 on Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50. Over the last three months, insiders have purchased 5,100 shares of company stock worth $109,809 and have sold 54,115 shares worth $12,177,793. 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.