George Weston Limited (TSE:WN) Receives C$248.75 Consensus Price Target from Analysts

Shares of George Weston Limited (TSE:WN) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$252.42.

Several equities analysts recently issued reports on WN shares. CIBC upped their price objective on George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th. TD Securities increased their price objective on 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. Royal Bank of Canada lifted their price objective on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Desjardins raised their price target on shares of George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. Finally, BMO Capital Markets boosted their price objective on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th.

Insider Buying and Selling

In related news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Over the last three months, insiders have sold 15,150 shares of company stock worth $3,393,420. Corporate insiders own 59.41% of the company’s stock.

George Weston Trading Down 0.8 %

Shares of TSE WN opened at C$221.01 on Wednesday. The stock has a market cap of C$29.20 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. 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 1 year low of C$166.78 and a 1 year high of C$239.79. The firm has a 50-day moving average of C$226.86 and a 200 day moving average of C$219.33.

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.