George Weston Limited (TSE:WN) Receives C$251.42 Consensus Target Price from Brokerages

George Weston Limited (TSE:WN) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$251.42.

A number of research firms have weighed in on WN. Desjardins dropped their price target on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada cut their price target on George Weston from C$266.00 to C$264.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. CIBC lowered their price objective on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, Scotiabank cut George Weston from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$240.00 to C$241.00 in a research report on Thursday, February 27th.

George Weston Trading Down 0.5 %

Shares of TSE:WN opened at C$238.57 on Monday. The stock has a 50 day moving average of C$227.24 and a 200 day moving average of C$225.64. The company has a market cap of C$30.97 billion, a PE ratio of 47.75, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. George Weston has a 12-month low of C$174.30 and a 12-month high of C$241.06. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

Insider Transactions at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total value of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 250 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$238.75, for a total transaction of C$59,687.50. Over the last three months, insiders have bought 4,000 shares of company stock valued at $90,780 and have sold 77,461 shares valued at $17,949,441. Insiders own 59.41% of the company’s stock.

George Weston Company Profile

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%.