George Weston (TSE:WN - Get Free Report) had its price objective decreased by CIBC from C$269.00 to C$268.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's price target points to a potential upside of 15.72% from the stock's previous close.
Other research analysts also recently issued reports about the company. TD Securities upped their price target on George Weston from C$242.00 to C$263.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Royal Bank of Canada boosted their price objective on George Weston from C$253.00 to C$266.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Scotiabank lowered George Weston from an "outperform" rating to a "sector perform" rating and boosted their price objective for the stock from C$240.00 to C$241.00 in a report on Thursday. BMO Capital Markets boosted their price objective on George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Finally, Desjardins boosted their price objective on George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, George Weston currently has a consensus rating of "Moderate Buy" and an average target price of C$251.42.
Read Our Latest Research Report on George Weston
George Weston Stock Up 0.1 %
WN stock traded up C$0.17 during trading on Thursday, reaching C$231.59. 166,325 shares of the stock were exchanged, compared to its average volume of 125,912. The firm's 50 day moving average is C$223.45 and its 200 day moving average is C$223.61. George Weston has a twelve month low of C$174.30 and a twelve month high of C$239.79. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The firm has a market cap of C$30.06 billion, a P/E ratio of 46.36, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.
Insider Activity
In other news, Senior Officer Rashid Wasti sold 150 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the company's stock in a transaction that occurred on 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. Insiders sold a total of 10,400 shares of company stock valued at $2,401,174 over the last three months. Corporate insiders own 59.41% of the company's stock.
About George Weston
(
Get Free Report)
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%.
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