George Weston (TSE:WN) Price Target Raised to C$266.00 at Royal Bank of Canada

George Weston (TSE:WN) had its price objective lifted by Royal Bank of Canada from C$253.00 to C$266.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on WN. Scotiabank decreased their price objective on George Weston from C$222.00 to C$218.00 in a research report on Wednesday, November 20th. Desjardins upped their price objective on George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. CIBC upped their target price on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. TD Securities upped their target price on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, BMO Capital Markets upped their target price on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$248.75.

George Weston Trading Up 0.1 %

Shares of WN stock opened at C$234.61 on Monday. George Weston has a 1 year low of C$155.49 and a 1 year high of C$237.52. 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’s 50 day simple moving average is C$224.47 and its two-hundred day simple moving average is C$213.46. The company has a market cap of C$31.00 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insiders Place Their Bets

In other news, Senior Officer Richard Dufresne sold 4,400 shares of the stock in a transaction on 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, Senior Officer Rashid Wasti sold 150 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total value of C$35,317.50. Over the last 90 days, insiders purchased 5,100 shares of company stock worth $109,809 and sold 56,415 shares worth $12,746,870. 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.