Royal Bank of Canada Forecasts Strong Price Appreciation for George Weston (TSE:WN) Stock

George Weston (TSE:WN) had its price target boosted by Royal Bank of Canada from C$230.00 to C$253.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

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

George Weston Price Performance

George Weston stock opened at C$225.90 on Tuesday. The company’s 50 day simple moving average is C$223.93 and its 200-day simple moving average is C$209.27. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. George Weston has a 1 year low of C$155.00 and a 1 year high of C$236.30. The company has a market capitalization of C$29.85 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Activity at George Weston

In other news, Senior Officer Rashid Wasti sold 150 shares of George Weston 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 value of C$33,376.50. Also, Senior Officer Richard Dufresne sold 4,400 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$226.89, for a total transaction of C$998,326.12. In the last 90 days, insiders have acquired 7,900 shares of company stock worth $170,948 and have sold 54,115 shares worth $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.