George Weston (TSE:WN) Given New C$264.00 Price Target at Royal Bank of Canada

George Weston (TSE:WN - Free Report) had its target price lowered by Royal Bank of Canada from C$266.00 to C$264.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Scotiabank downgraded George Weston from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from C$240.00 to C$241.00 in a research report on Thursday. BMO Capital Markets increased their price objective on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. TD Securities increased their target price on 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. Desjardins increased their target price on George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. Finally, CIBC reduced their target price on George Weston from C$269.00 to C$268.00 and set an "outperform" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, George Weston presently has an average rating of "Moderate Buy" and a consensus price target of C$251.42.

Remove Ads

George Weston Price Performance

Shares of WN stock traded up C$0.17 on Thursday, reaching 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 quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. George Weston has a 12-month low of C$174.30 and a 12-month high of C$239.79. The company has a market capitalization of C$30.06 billion, a P/E ratio of 46.36, a PEG ratio of 5.03 and a beta of 0.42. The stock's 50 day simple moving average is C$223.45 and its 200-day simple moving average is C$223.61.

Insider Activity at George Weston

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total value of C$35,317.50. Insiders have sold a total of 10,400 shares of company stock valued at $2,401,174 over the last 90 days. 59.41% of the stock is owned by insiders.

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%.