Royal Bank of Canada Trims George Weston (TSE:WN) Target Price to C$197.00

George Weston (TSE:WN – Get Rating) had its target price reduced by Royal Bank of Canada from C$198.00 to C$197.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently commented on WN. Scotiabank dropped their target price on shares of George Weston from C$177.00 to C$176.00 in a report on Tuesday. CIBC increased their price target on George Weston from C$188.00 to C$193.00 in a report on Tuesday.

George Weston Price Performance

TSE WN opened at C$151.20 on Wednesday. The company has a market capitalization of C$21.89 billion and a PE ratio of 13.57. George Weston has a 12-month low of C$128.11 and a 12-month high of C$162.51. The firm’s 50 day moving average is C$151.41 and its 200-day moving average is C$150.22. The company has a quick ratio of 0.78, a current ratio of 1.38 and a debt-to-equity ratio of 150.48.

George Weston (TSE:WN – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported C$1.90 EPS for the quarter. The company had revenue of C$12.41 billion during the quarter. Equities research analysts anticipate that George Weston will post 10.84 earnings per share for the current fiscal year.

George Weston Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were paid a $0.66 dividend. This is a boost from George Weston’s previous quarterly dividend of $0.60. This represents a $2.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Tuesday, June 14th. George Weston’s payout ratio is 22.08%.

Insiders Place Their Bets

In related news, Director Alannah Elizabeth Weston sold 7,300 shares of the company’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of C$144.79, for a total value of C$1,056,956.05. Following the sale, the director now directly owns 44,965 shares of the company’s stock, valued at C$6,510,414.90.

George Weston Company Profile

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George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.