George Weston (TSE:WN) Raised to “Outperform” at Scotiabank

George Weston (TSE:WN) was upgraded by research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a C$240.00 price objective on the stock, up from their prior price objective of C$218.00. Scotiabank’s price target points to a potential upside of 7.67% from the stock’s current price.

A number of other equities analysts also recently commented on WN. Royal Bank of Canada raised their price target on George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a report on Monday, December 9th. CIBC upped their target price on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Desjardins lifted their price objective on George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. BMO Capital Markets upped their target price on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Finally, TD Securities raised their price target on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$252.42.

George Weston Trading Down 0.8 %

WN opened at C$222.90 on Wednesday. The business’s 50 day moving average is C$226.86 and its two-hundred day moving average is C$219.09. The firm has a market cap of C$29.45 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. George Weston has a 52 week low of C$165.04 and a 52 week high of C$239.79. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Over the last 90 days, insiders sold 15,150 shares of company stock valued at $3,393,420. Company insiders own 59.41% of the company’s stock.

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.