CIBC Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its price objective lifted by CIBC from C$254.00 to C$269.00 in a report released on Wednesday morning,BayStreet.CA reports.

Several other research firms have also recently issued reports on WN. Royal Bank of Canada lifted their price objective on shares of George Weston from C$230.00 to C$253.00 in a research report on Tuesday, November 12th. TD Securities lifted 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. BMO Capital Markets increased their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Desjardins lifted their target price on George Weston from C$232.00 to C$255.00 in a report on Wednesday. Finally, Scotiabank dropped their price target on George Weston from C$222.00 to C$218.00 in a research note on Wednesday. Two equities research 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, George Weston has a consensus rating of “Moderate Buy” and a consensus target price of C$246.58.

George Weston Stock Performance

TSE:WN opened at C$218.89 on Wednesday. The stock has a 50-day moving average price of C$223.70 and a 200 day moving average price of C$210.80. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. George Weston has a 12-month low of C$155.49 and a 12-month high of C$236.30. The stock has a market capitalization of C$28.92 billion, a P/E ratio of 24.65, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Activity

In related news, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total value of C$33,376.50. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. In the last three months, insiders have acquired 7,100 shares of company stock worth $153,149 and have sold 54,115 shares worth $12,177,793. Corporate insiders own 59.41% of the company’s stock.

George Weston Company Profile

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.