Scotiabank Lowers George Weston (TSE:WN) Price Target to C$218.00

George Weston (TSE:WN) had its target price reduced by analysts at Scotiabank from C$222.00 to C$218.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank’s price target points to a potential downside of 0.49% from the company’s previous close.

Several other analysts also recently issued reports on WN. BMO Capital Markets boosted their price target on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada boosted their price target on George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. TD Securities upped their target price on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday. CIBC upped their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Desjardins upped their target price on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$246.58.

George Weston Stock Up 0.0 %

Shares of George Weston stock opened at C$219.08 on Wednesday. The firm has a market cap 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. George Weston has a 52-week low of C$155.49 and a 52-week high of C$236.30. The business’s 50 day simple moving average is C$223.76 and its 200 day simple moving average is C$210.57. 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 4,400 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$226.89, for a total transaction of C$998,326.12. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total value of C$8,355,124.15. Over the last three months, insiders purchased 6,100 shares of company stock valued at $131,699 and sold 54,115 shares valued at $12,177,793. Corporate insiders own 59.41% of the company’s stock.

About George Weston

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.