George Weston (TSE:WN) Stock Price Expected to Rise, Desjardins Analyst Says

George Weston (TSE:WN) had its price objective upped by stock analysts at Desjardins from C$232.00 to C$255.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Desjardins’ price objective suggests a potential upside of 16.40% from the company’s previous close.

Several other research firms have also recently weighed in on WN. CIBC increased their price objective on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Securities increased 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. Royal Bank of Canada increased their price objective on George Weston from C$230.00 to C$253.00 in a research report on Tuesday, November 12th. Scotiabank lowered their price objective on George Weston from C$222.00 to C$218.00 in a research report on Wednesday. Finally, BMO Capital Markets raised their price target on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$246.58.

George Weston Stock Up 0.0 %

WN stock opened at C$219.08 on Wednesday. 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 stock has a market capitalization of C$28.95 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.42. The business’s fifty day moving average price is C$223.76 and its two-hundred day moving average price is C$210.57. George Weston has a fifty-two week low of C$155.49 and a fifty-two week high of C$236.30.

Insider Buying and Selling

In related news, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction dated 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. Also, Senior Officer Rashid Wasti acquired 2,000 shares of George Weston stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of C$21.67 per share, for a total transaction of C$43,340.00. Over the last quarter, insiders have purchased 6,100 shares of company stock worth $131,699 and have sold 54,115 shares worth $12,177,793. 59.41% of the stock is 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.