George Weston (TSE:WN) Price Target Raised to C$212.00

George Weston (TSE:WN) had its target price lifted by Scotiabank from C$200.00 to C$212.00 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

WN has been the topic of a number of other research reports. BMO Capital Markets lifted their price target on George Weston from C$172.00 to C$185.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Royal Bank of Canada lifted their target price on shares of George Weston from C$216.00 to C$218.00 and gave the stock an outperform rating in a research report on Thursday, February 29th. CIBC upped their price target on shares of George Weston from C$213.00 to C$222.00 and gave the company an outperform rating in a research report on Thursday, February 29th. Finally, TD Securities lifted their price objective on shares of George Weston from C$205.00 to C$215.00 and gave the stock a buy rating in a research report on Monday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of C$216.67.

George Weston Trading Up 1.7 %

George Weston stock opened at C$190.50 on Monday. George Weston has a 12-month low of C$144.41 and a 12-month high of C$194.02. The stock has a market capitalization of C$25.61 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38. The firm has a 50 day simple moving average of C$181.00 and a 200-day simple moving average of C$170.65. The company has a debt-to-equity ratio of 158.23, a current ratio of 1.24 and a quick ratio of 0.73.

George Weston (TSE:WN) last announced its earnings results on Wednesday, February 28th. The company reported C$2.51 earnings per share for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The business had revenue of C$14.70 billion during the quarter. As a group, equities research analysts expect that George Weston will post 11.8758003 EPS for the current fiscal year.

George Weston Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 15th will be paid a dividend of $0.82 per share. This is an increase from George Weston’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, June 14th. This represents a $3.28 annualized dividend and a yield of 1.72%. George Weston’s dividend payout ratio is presently 26.49%.

Insider Transactions at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of C$181.41, for a total value of C$1,814,055.00. In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$181.41, for a total value of C$1,814,055.00. Also, Senior Officer Andrew Michael Bunston sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$183.27, for a total value of C$422,079.10. Insiders sold a total of 151,008 shares of company stock worth $24,350,724 over the last three months. 58.21% of the stock is currently owned by insiders.

About George Weston

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.