George Weston (TSE:WN) Upgraded by Scotiabank to Outperform Rating

Scotiabank upgraded shares of George Weston (TSE:WN) from a sector perform rating to an outperform rating in a report issued on Wednesday morning, Marketbeat.com reports. They currently have C$240.00 price objective on the stock, up from their prior price objective of C$218.00.

WN has been the subject of several other research reports. Desjardins raised their price objective on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. BMO Capital Markets lifted their price target on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. TD Securities upped their price target on 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 objective on George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their target price on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$252.42.

George Weston Price Performance

Shares of TSE:WN opened at C$221.01 on Wednesday. The company has a 50-day moving average price of C$226.86 and a 200 day moving average price of C$219.33. George Weston has a 52 week low of C$166.78 and a 52 week high of C$239.79. The company has a market cap of C$29.20 billion, a P/E ratio of 24.89, a PEG ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94.

Insider Activity at George Weston

In related news, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. In the last 90 days, insiders have sold 15,150 shares of company stock valued at $3,393,420. 59.41% of the stock is 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.