George Weston Limited (TSE:WN) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of George Weston Limited (TSE:WN - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$254.75.

A number of brokerages recently commented on WN. Scotiabank cut George Weston from an "outperform" rating to a "sector perform" rating and lifted their price objective for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Desjardins cut 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 research report on Thursday, February 27th. Royal Bank of Canada upped their target price on shares of George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Finally, CIBC cut their target price on shares of George Weston from C$269.00 to C$268.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th.

George Weston Trading Down 1.5 %

WN traded down C$3.97 during trading on Friday, reaching C$259.37. 153,914 shares of the company's stock were exchanged, compared to its average volume of 140,649. The company's fifty day moving average price is C$238.16 and its 200-day moving average price is C$229.30. The firm has a market capitalization of C$33.67 billion, a PE ratio of 51.92, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston has a fifty-two week low of C$178.87 and a fifty-two week high of C$265.97. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Insider Activity

In other news, Director Willard Galen Garfield Weston sold 7,248 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$236.64, for a total transaction of C$1,715,131.20. Also, Senior Officer Rashid Wasti sold 1,500 shares of George Weston stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$235.60, for a total transaction of C$353,400.00. Over the last quarter, insiders purchased 4,000 shares of company stock worth $90,780 and sold 77,461 shares worth $17,949,441. Corporate 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%.