George Weston (TSE:WN) Price Target Raised to C$296.00

George Weston (TSE:WN) had its target price increased by CIBC from C$268.00 to C$296.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued research reports about the stock. TD Securities lifted their price objective on shares of George Weston from C$256.00 to C$308.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Desjardins lowered their price target on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada increased their price objective on George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. Finally, Scotiabank upped their price target on George Weston from C$241.00 to C$285.00 and gave the company a “sector perform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$282.42.

George Weston Trading Down 0.5 %

TSE WN opened at C$262.81 on Wednesday. The business’s fifty day moving average is C$247.51 and its 200-day moving average is C$232.77. 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 stock has a market capitalization of C$34.12 billion, a price-to-earnings ratio of 52.60, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a one year low of C$184.95 and a one year high of C$273.19.

Insider Activity at George Weston

In related news, Senior Officer Rashid Wasti sold 250 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. In the last ninety days, insiders acquired 4,000 shares of company stock worth $90,780 and sold 97,461 shares worth $23,307,577. 59.41% of the stock is owned by company insiders.

George Weston Company Profile

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%.