FY2024 EPS Estimates for George Weston Boosted by Desjardins

George Weston Limited (TSE:WN) – Stock analysts at Desjardins increased their FY2024 earnings estimates for George Weston in a research note issued to investors on Wednesday, November 20th. Desjardins analyst C. Li now forecasts that the company will post earnings of $11.81 per share for the year, up from their prior forecast of $11.67. The consensus estimate for George Weston’s current full-year earnings is $13.02 per share. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.48 EPS.

Other analysts have also issued research reports about the company. Royal Bank of Canada upped their target price on George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. Scotiabank dropped their price objective on George Weston from C$222.00 to C$218.00 in a research note on Wednesday, November 20th. CIBC raised their target price on shares of George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. BMO Capital Markets upped their price target on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. Finally, TD Securities lifted 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$246.58.

George Weston Trading Up 1.5 %

Shares of TSE:WN opened at C$221.37 on Monday. The stock has a market capitalization of C$29.25 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company’s 50-day moving average price is C$223.46 and its two-hundred day moving average price is C$211.25. 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 one year low of C$155.49 and a one year high of C$236.30.

Insiders Place Their Bets

In other news, Senior Officer Richard Dufresne sold 5,000 shares of the company’s 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 stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. Over the last ninety days, insiders purchased 5,100 shares of company stock valued at $109,809 and sold 53,965 shares valued at $12,144,417. Company insiders own 59.41% of the company’s stock.

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.