George Weston Limited (TSE:WN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of George Weston Limited (TSE:WN) have received an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$252.42.

Several research analysts have recently commented on WN shares. BMO Capital Markets lifted their price target on George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. TD Securities lifted their price target on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Scotiabank upgraded George Weston from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$218.00 to C$240.00 in a report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, CIBC boosted their price objective on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th.

George Weston Stock Up 2.8 %

TSE WN opened at C$234.47 on Thursday. George Weston has a 52 week low of C$174.30 and a 52 week high of C$239.79. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The business’s fifty day simple moving average is C$223.34 and its 200-day simple moving average is C$223.17. The firm has a market cap of C$30.44 billion, a PE ratio of 46.93, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Activity at George Weston

In other George Weston news, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. 59.41% of the stock is owned by insiders.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%.