George Weston (TSE:WN) Price Target Raised to C$253.00

George Weston (TSE:WN) had its price objective upped by Royal Bank of Canada from C$230.00 to C$253.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on WN. BMO Capital Markets upped their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Desjardins boosted their target price on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Scotiabank raised George Weston to a “hold” rating in a research note on Wednesday, October 30th. TD Securities dropped their price objective on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, CIBC lifted their target price on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, George Weston has a consensus rating of “Moderate Buy” and an average target price of C$235.50.

George Weston Trading Down 0.6 %

TSE WN opened at C$225.24 on Tuesday. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. The company has a 50-day simple moving average of C$223.81 and a 200-day simple moving average of C$208.97. George Weston has a one year low of C$155.00 and a one year high of C$236.30. The firm has a market capitalization of C$29.76 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insiders Place Their Bets

In related news, Senior Officer Rashid Wasti purchased 1,300 shares of George Weston stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of C$21.63 per share, with a total value of C$28,119.00. Also, Senior Officer Richard Dufresne sold 4,400 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$226.89, for a total transaction of C$998,326.12. Over the last three months, insiders have acquired 7,900 shares of company stock valued at $170,948 and have sold 54,115 shares valued at $12,177,793. Company 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.