George Weston Limited (TSE:WN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of George Weston Limited (TSE:WN) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$252.42.

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. CIBC raised their price objective on shares of George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. TD Securities raised their price objective 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. Scotiabank raised shares of George Weston from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$218.00 to C$240.00 in a research note on Wednesday, January 8th. Finally, Desjardins raised their price objective on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th.

George Weston Price Performance

Shares of TSE:WN opened at C$234.47 on Thursday. George Weston has a twelve month low of C$174.30 and a twelve month high of C$239.79. The company’s 50 day moving average is C$223.34 and its 200 day moving average is C$223.17. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The company has a market cap of C$30.44 billion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Activity at George Weston

In related news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction 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 George Weston 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. 59.41% of the stock is owned by corporate insiders.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%.