George Weston Limited (TSE:WN) Receives C$239.00 Consensus Target Price from Brokerages

Shares of George Weston Limited (TSE:WN) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$246.58.

Several analysts have weighed in on WN shares. Scotiabank dropped their price objective on shares of George Weston from C$222.00 to C$218.00 in a research note on Wednesday. Royal Bank of Canada lifted their price objective on shares of George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. CIBC lifted their price objective on shares of George Weston from C$254.00 to C$269.00 in a research note on Wednesday. BMO Capital Markets raised their target price on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday. Finally, TD Securities raised their target price 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.

George Weston Stock Performance

TSE WN opened at C$218.89 on Tuesday. The firm has a 50-day moving average of C$223.70 and a 200-day moving average of C$210.80. 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 stock has a market cap of C$28.92 billion, a PE ratio of 24.65, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston has a 52-week low of C$155.49 and a 52-week high of C$236.30.

Insider Activity at George Weston

In related news, Director Alannah Elizabeth Weston sold 36,865 shares of George Weston stock in a transaction that occurred 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. Also, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50. In the last three months, insiders have purchased 7,100 shares of company stock valued at $153,149 and have sold 54,115 shares valued at $12,177,793. 59.41% of the stock is currently owned by insiders.

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.