George Weston (TSE:WN) Price Target Cut to C$251.00 by Analysts at Desjardins

George Weston (TSE:WN - Get Free Report) had its target price reduced by Desjardins from C$255.00 to C$251.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' target price would indicate a potential upside of 8.38% from the company's previous close. Desjardins also issued estimates for George Weston's FY2025 earnings at $13.55 EPS, FY2025 earnings at $13.55 EPS, FY2026 earnings at $14.70 EPS and FY2026 earnings at $14.70 EPS.

WN has been the topic of several other reports. Scotiabank cut George Weston from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from C$240.00 to C$241.00 in a research report on Thursday. CIBC lowered their price objective 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. BMO Capital Markets upped their price objective on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. TD Securities boosted their target price on shares of George Weston from C$242.00 to C$263.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada decreased their target price on shares of George Weston from C$266.00 to C$264.00 and set an "outperform" rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, George Weston presently has a consensus rating of "Moderate Buy" and a consensus target price of C$251.42.

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George Weston Stock Up 0.1 %

WN stock traded up C$0.17 during midday trading on Thursday, hitting C$231.59. The company's stock had a trading volume of 166,325 shares, compared to its average volume of 125,912. The company has a market cap of C$30.06 billion, a PE ratio of 46.36, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston has a 12 month low of C$174.30 and a 12 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's 50-day moving average is C$223.45 and its 200-day moving average is C$223.61.

Insider Buying and Selling at George Weston

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total value of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 150 shares of the company's stock in a transaction 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. In the last ninety days, insiders sold 10,400 shares of company stock worth $2,401,174. Insiders own 59.41% of the company's stock.

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%.