Scotiabank Cuts George Weston (TSE:WN) Price Target to C$218.00

George Weston (TSE:WN) had its target price cut by Scotiabank from C$222.00 to C$218.00 in a report issued on Wednesday morning,BayStreet.CA reports.

WN has been the topic of a number of other research reports. TD Securities boosted their target price on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Desjardins lifted their price objective on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price target on shares of George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. BMO Capital Markets boosted their price objective on 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. Finally, CIBC lifted their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two investment 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$246.58.

George Weston Price Performance

Shares of TSE WN opened at C$218.89 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. The business’s 50 day moving average price is C$223.70 and its two-hundred day moving average price is C$210.80. George Weston has a twelve month low of C$155.49 and a twelve month high of C$236.30. The company has a market cap of C$28.92 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Activity at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 5,000 shares of George Weston stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$218.51, for a total value of C$1,092,546.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the 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 value of C$8,355,124.15. In the last three months, insiders have bought 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.

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.