George Weston (TSE:WN) Price Target Cut to C$251.00 by Analysts at Desjardins

George Weston (TSE:WN) had its price objective trimmed by Desjardins from C$255.00 to C$251.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.55 EPS, FY2025 earnings at $13.55 EPS, FY2026 earnings at $14.70 EPS and FY2026 earnings at $14.70 EPS.

Several other research firms also recently issued reports on WN. TD Securities increased their price target 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 reduced their price target on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a report on Thursday. BMO Capital Markets increased their price target on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Scotiabank downgraded shares of George Weston from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$240.00 to C$241.00 in a report on Thursday. Finally, Royal Bank of Canada reduced their price target on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$251.42.

George Weston Price Performance

TSE WN opened at C$231.42 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The company has a fifty day simple moving average of C$223.45 and a 200 day simple moving average of C$223.61. The company has a market cap of C$30.04 billion, a P/E ratio of 46.32, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston has a 1 year low of C$174.30 and a 1 year high of C$239.79.

Insider Transactions at George Weston

In other news, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. In the last three months, insiders sold 20,400 shares of company stock valued at $4,650,687. Company insiders own 59.41% of the company’s stock.

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%.