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

George Weston Limited (TSE:WN) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$246.58.

Several equities analysts have recently weighed in on WN shares. Royal Bank of Canada raised their price objective on George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. BMO Capital Markets raised their target price on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday. 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 research note on Monday. Desjardins raised their target price on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday. Finally, CIBC raised their target price on shares of George Weston from C$254.00 to C$269.00 in a research note on Wednesday.

George Weston Price Performance

Shares of TSE WN opened at C$219.08 on Tuesday. The stock has a market capitalization of C$28.95 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.42. The business has a 50-day moving average of C$223.76 and a 200-day moving average of C$210.57. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. George Weston has a fifty-two week low of C$155.49 and a fifty-two week high of C$236.30.

Insiders Place Their Bets

In other news, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$222.51, for a total value of C$33,376.50. Also, Senior Officer Richard Dufresne sold 2,700 shares of George Weston stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$218.89, for a total transaction of C$591,000.03. Over the last three months, insiders purchased 6,100 shares of company stock worth $131,699 and 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.