George Weston (TSE:WN) Given New C$221.50 Price Target at BMO Capital Markets

George Weston (TSE:WN) had its price target raised by BMO Capital Markets from C$220.00 to C$221.50 in a research note published on Wednesday,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. Scotiabank decreased their target price on shares of George Weston from C$222.00 to C$218.00 in a research note on Wednesday. CIBC lifted their price objective on George Weston from C$254.00 to C$269.00 in a research report on Wednesday. TD Securities boosted their price objective on 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. Royal Bank of Canada raised their target price on George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. Finally, Desjardins boosted their price target on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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 firm has a 50-day simple moving average of C$223.70 and a 200-day simple moving average of C$210.80. 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 stock has a market capitalization of C$28.92 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. George Weston has a 52 week low of C$155.49 and a 52 week high of C$236.30.

Insider Buying and Selling at George Weston

In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction dated 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 Richard Dufresne sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$226.89, for a total transaction of C$998,326.12. Over the last quarter, insiders have acquired 7,100 shares of company stock worth $153,149 and have sold 54,115 shares worth $12,177,793. 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.