Brokerages Set George Weston Limited (TSE:WN) Price Target at C$248.75

George Weston Limited (TSE:WN) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$252.42.

WN has been the subject of a number of research analyst reports. Scotiabank upgraded George Weston from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$218.00 to C$240.00 in a research note on Wednesday. TD Securities increased their price objective on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Desjardins boosted their target price on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. Royal Bank of Canada upped their price target on shares of George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets lifted their price objective on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th.

Insider Activity at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of C$221.72, for a total value of C$1,108,589.00. Also, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. In the last three months, insiders have sold 15,150 shares of company stock valued at $3,393,420. 59.41% of the stock is owned by corporate insiders.

George Weston Stock Performance

WN stock opened at C$221.01 on Wednesday. George Weston has a one year low of C$166.78 and a one year high of C$239.79. The firm has a market cap of C$29.20 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 5.03 and a beta of 0.42. 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 firm has a 50-day simple moving average of C$226.86 and a two-hundred day simple moving average of C$219.33.

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.