George Weston Limited (TSE:WN) Receives C$239.00 Average Price Target from Analysts

Shares of George Weston Limited (TSE:WN) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$246.58.

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. TD Securities boosted their price target on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets upped their price objective on George Weston from C$220.00 to C$221.50 in a research note on Wednesday. CIBC upped their price objective on George Weston from C$254.00 to C$269.00 in a research note on Wednesday. Finally, Scotiabank lowered their price objective on George Weston from C$222.00 to C$218.00 in a research note on Wednesday.

George Weston Price Performance

TSE WN opened at C$219.08 on Tuesday. George Weston has a twelve month low of C$155.49 and a twelve month high of C$236.30. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. The stock has a market capitalization of C$28.95 billion, a PE ratio of 24.67, a P/E/G ratio of 5.03 and a beta of 0.42. The stock has a 50-day simple moving average of C$223.76 and a 200 day simple moving average of C$210.57.

Insider Activity

In related news, Senior Officer Richard Dufresne sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$218.51, for a total transaction of C$1,092,546.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. In the last 90 days, insiders have purchased 6,100 shares of company stock valued at $131,699 and have sold 54,115 shares valued at $12,177,793. 59.41% of the stock is currently owned by company 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.