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

George Weston (TSE:WN) had its target price raised by Desjardins from C$205.00 to C$212.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.28 EPS.

WN has been the subject of several other reports. Royal Bank of Canada lifted their price objective on 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. BMO Capital Markets lifted their target price on George Weston from C$172.00 to C$185.00 and gave the stock an outperform rating in a report on Friday, March 1st. TD Securities increased their price target on George Weston from C$226.00 to C$227.00 and gave the stock a buy rating in a report on Monday. CIBC lifted their price objective on shares of George Weston from C$213.00 to C$222.00 and gave the company an outperform rating in a research note on Thursday, February 29th. Finally, Scotiabank increased their target price on shares of George Weston from C$200.00 to C$212.00 and gave the stock a sector perform rating in a research note on Monday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, George Weston presently has an average rating of Moderate Buy and an average price target of C$216.67.

George Weston Price Performance

Shares of WN opened at C$190.50 on Wednesday. The business has a 50-day moving average of C$181.00 and a 200-day moving average of C$170.65. George Weston has a 1 year low of C$144.41 and a 1 year high of C$194.02. The company has a market capitalization of C$25.61 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38. 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 posted its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. George Weston had a net margin of 2.56% and a return on equity of 19.71%. The company had revenue of C$14.70 billion for the quarter. As a group, equities research analysts anticipate that George Weston will post 11.8758003 earnings per share for the current year.

George Weston Increases Dividend

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

Insider Activity at George Weston

In other news, Director Willard Galen Garfield Weston sold 79,200 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. In related news, Director Willard Galen Garfield Weston sold 79,200 shares of George Weston stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. Also, Senior Officer Richard Dufresne sold 10,000 shares of the 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 the last 90 days, insiders sold 151,008 shares of company stock valued at $24,350,724. 58.21% of the stock is owned by company 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.