TD Securities Raises George Weston (TSE:WN) Price Target to C$263.00

George Weston (TSE:WN) had its price target upped by TD Securities from C$242.00 to C$263.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 22.27% from the company’s previous close.

A number of other research firms also recently weighed in on WN. BMO Capital Markets upped 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 note on Wednesday, July 31st. Royal Bank of Canada upped their target price on George Weston from C$230.00 to C$253.00 in a research report on Tuesday, November 12th. Scotiabank upgraded George Weston to a “hold” rating in a report on Wednesday, October 30th. CIBC boosted their price target on shares of George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Desjardins raised their price objective on shares of George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research note 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$239.00.

George Weston Trading Down 3.2 %

WN opened at C$215.10 on Monday. The company has a market cap of C$28.42 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a fifty day moving average price of C$223.87 and a two-hundred day moving average price of C$210.07. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. George Weston has a 1-year low of C$155.00 and a 1-year high of C$236.30.

Insider Buying and Selling

In other news, Senior Officer Rashid Wasti bought 1,500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of C$21.72 per share, with a total value of C$32,580.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction that occurred on 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. Over the last 90 days, insiders purchased 6,600 shares of company stock worth $142,829 and sold 54,115 shares worth $12,177,793. 59.41% of the stock is currently owned by corporate 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.