George Weston (TSE:WN) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

George Weston (TSE:WN) had its price target boosted by equities research analysts at Royal Bank of Canada from C$253.00 to C$266.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 13.65% from the company’s previous close.

Several other research analysts also recently commented on WN. CIBC lifted their target price on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Scotiabank dropped their price objective on George Weston from C$222.00 to C$218.00 in a research note on Wednesday, November 20th. 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 report on Monday, November 18th. Desjardins raised their target price on George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. Finally, BMO Capital Markets upped their price target on George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$248.75.

George Weston Price Performance

Shares of TSE:WN opened at C$234.05 on Monday. The stock has a market capitalization of C$30.93 billion, a P/E ratio of 26.36, a P/E/G ratio of 5.03 and a beta of 0.42. The business has a 50-day moving average of C$224.47 and a two-hundred day moving average of C$213.46. George Weston has a fifty-two week low of C$155.49 and a fifty-two week high of C$237.52. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73.

Insiders Place Their Bets

In related news, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Also, Senior Officer Richard Dufresne sold 4,400 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$226.89, for a total value of C$998,326.12. In the last 90 days, insiders have purchased 5,100 shares of company stock valued at $109,809 and have sold 56,415 shares valued at $12,746,870. 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.