Scotiabank lowered shares of George Weston (TSE:WN - Free Report) from an outperform rating to a sector perform rating in a research note released on Thursday morning, Marketbeat reports. Scotiabank currently has C$241.00 price target on the stock, up from their previous price target of C$240.00.
Several other equities analysts have also issued reports on WN. CIBC lifted their price target on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Desjardins boosted their price objective on George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. TD Securities boosted their price objective on George Weston from C$242.00 to C$263.00 and gave the stock a "buy" rating in a research report 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 research report on Monday, December 9th. Finally, BMO Capital Markets boosted their price objective on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$251.42.
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George Weston Price Performance
Shares of WN 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. George Weston has a one year low of C$174.30 and a one year high of C$239.79. The company's fifty day simple moving average is C$223.45 and its two-hundred day simple moving average is C$223.61. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The stock has a market capitalization of C$30.06 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.
Insiders Place Their Bets
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, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated 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. In the last three months, insiders have sold 10,400 shares of company stock valued at $2,401,174. 59.41% of the stock is currently owned by company insiders.
About George Weston
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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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