George Weston (TSE:WN) Price Target Lowered to C$264.00 at Royal Bank of Canada

George Weston (TSE:WN) had its price target reduced by Royal Bank of Canada from C$266.00 to C$264.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.08% from the stock’s current price.

WN has been the topic of several other reports. BMO Capital Markets increased their target price on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. TD Securities increased their target price on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Scotiabank lowered George Weston from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$240.00 to C$241.00 in a research report on Thursday. CIBC dropped their target price on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Desjardins increased their target price on George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, George Weston presently has an average rating of “Moderate Buy” and an average price target of C$251.42.

George Weston Price Performance

Shares of TSE WN opened at C$231.42 on Thursday. George Weston has a 1-year low of C$174.30 and a 1-year high of C$239.79. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The business’s fifty day moving average price is C$223.45 and its two-hundred day moving average price is C$223.50. The firm has a market capitalization of C$30.04 billion, a PE ratio of 46.32, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Transactions at George Weston

In related news, Senior Officer Rashid Wasti sold 250 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$231.30, for a total transaction of C$57,825.00. Also, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total value of C$2,308,031.00. Over the last quarter, insiders sold 20,400 shares of company stock valued at $4,650,687. 59.41% of the stock is currently 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%.