George Weston (TSE:WN) Given New C$255.00 Price Target at Desjardins

George Weston (TSE:WN) had its target price raised by Desjardins from C$232.00 to C$255.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other analysts also recently issued research reports about the company. Royal Bank of Canada lifted their target price on George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. TD Securities raised 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 report on Monday, November 18th. CIBC lifted their price target on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets boosted their target price on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Finally, Scotiabank dropped their target price on George Weston from C$222.00 to C$218.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$246.58.

George Weston Stock Performance

WN stock opened at C$218.89 on Wednesday. The stock has a market capitalization of C$28.92 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 5.03 and a beta of 0.42. The stock’s fifty day moving average is C$223.70 and its two-hundred day moving average is C$210.80. George Weston has a 1 year low of C$155.49 and a 1 year high of C$236.30. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.

Insider Buying and Selling

In related news, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction 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 company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$222.51, for a total transaction of C$33,376.50. Over the last three months, insiders acquired 7,100 shares of company stock worth $153,149 and sold 54,115 shares worth $12,177,793. 59.41% of the stock is currently owned by corporate 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.