George Weston (TSE:WN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

George Weston (TSE:WN) had its price objective boosted by stock analysts at BMO Capital Markets from C$220.00 to C$221.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 1.10% from the company’s previous close.

A number of other analysts have also issued reports on WN. Scotiabank reduced their target price on George Weston from C$222.00 to C$218.00 in a report on Wednesday. Royal Bank of Canada increased their target price on George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. Desjardins increased their target price on George Weston from C$232.00 to C$255.00 in a report on Wednesday. TD Securities increased their target price on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday. Finally, CIBC increased their target price on George Weston from C$254.00 to C$269.00 in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, George Weston has an average rating of “Moderate Buy” and an average price target of C$246.58.

George Weston Price Performance

Shares of TSE:WN opened at C$219.08 on Wednesday. George Weston has a one year low of C$155.49 and a one year high of C$236.30. The stock has a fifty day moving average of C$223.76 and a 200-day moving average of C$210.57. The company has a market capitalization of C$28.95 billion, a PE ratio of 24.67, 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 quick ratio of 0.73 and a current ratio of 1.35.

Insider Transactions at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 5,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were 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 stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. Over the last ninety 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.