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

George Weston (TSE:WN) had its price target increased by Royal Bank of Canada from C$230.00 to C$253.00 in a report released on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 11.62% from the stock’s current price.

A number of other research firms have also recently weighed in on WN. BMO Capital Markets increased their price target on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Scotiabank upgraded George Weston to a “hold” rating in a report on Wednesday, October 30th. CIBC increased their price target on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Desjardins raised their target price on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, TD Securities lowered their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$235.50.

George Weston Trading Down 3.0 %

Shares of WN stock opened at C$226.66 on Tuesday. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. The company has a market cap of C$29.95 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 5.03 and a beta of 0.42. The stock has a 50 day simple moving average of C$223.66 and a 200-day simple moving average of C$208.66. George Weston has a 1-year low of C$155.00 and a 1-year high of C$236.30.

Insider Buying and Selling at George Weston

In related news, Senior Officer Rashid Wasti sold 150 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total value of C$33,376.50. In other news, Senior Officer Richard Dufresne sold 2,700 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$218.89, for a total value of C$591,000.03. Also, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$222.51, for a total value of C$33,376.50. Over the last quarter, insiders have bought 7,900 shares of company stock worth $170,948 and have sold 54,115 shares worth $12,177,793. 59.41% of the stock is currently owned by 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.