Brokerages Set George Weston Limited (TSE:WN) PT at C$251.42

George Weston Limited (TSE:WN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$251.42.

Several research firms recently weighed in on WN. Royal Bank of Canada cut their price target on shares of George Weston from C$266.00 to C$264.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Scotiabank lowered George Weston from an "outperform" rating to a "sector perform" rating and upped their target price for the company from C$240.00 to C$241.00 in a report on Thursday, February 27th. CIBC dropped their price target on 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. Finally, Desjardins cut their price objective on 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.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Rashid Wasti sold 250 shares of George Weston 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, Director Willard Galen Garfield Weston sold 57,463 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$231.03, for a total transaction of C$13,275,441.29. Over the last ninety days, insiders bought 4,000 shares of company stock valued at $90,780 and sold 77,461 shares valued at $17,949,441. 59.41% of the stock is owned by corporate insiders.

Remove Ads

George Weston Stock Up 0.1 %

WN traded up C$0.23 during midday trading on Monday, reaching C$238.80. 87,890 shares of the company were exchanged, compared to its average volume of 136,157. The company has a market cap of C$31.00 billion, a price-to-earnings ratio of 47.80, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. George Weston has a one year low of C$174.30 and a one year high of C$241.48. The company's fifty day moving average price is C$227.24 and its 200 day moving average price is C$225.64. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

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%.