Royal Bank of Canada Increases George Weston (TSE:WN) Price Target to C$284.00

George Weston (TSE:WN - Free Report) had its price objective upped by Royal Bank of Canada from C$264.00 to C$284.00 in a research report report published on Monday,BayStreet.CA reports.

Several other analysts have also recently weighed in on the company. Scotiabank cut George Weston from an "outperform" rating to a "sector perform" rating and lifted their price target for the stock 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 for the company in a research note on Thursday, February 27th. Finally, Desjardins cut their target price on George Weston from C$255.00 to C$251.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, George Weston has an average rating of "Moderate Buy" and an average target price of C$254.75.

George Weston Stock Performance

TSE:WN traded up C$2.50 during mid-day trading on Monday, hitting C$257.27. The stock had a trading volume of 95,552 shares, compared to its average volume of 141,412. George Weston has a twelve month low of C$175.48 and a twelve month high of C$257.98. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The stock has a market cap of C$33.40 billion, a price-to-earnings ratio of 51.50, a PEG ratio of 5.03 and a beta of 0.42. The company's 50 day simple moving average is C$235.95 and its 200 day simple moving average is C$228.53.

Insider Buying and Selling

In other news, Director Willard Galen Garfield Weston sold 7,248 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$236.64, for a total value of C$1,715,131.20. Also, Senior Officer Rashid Wasti sold 250 shares of George Weston stock in a transaction dated Friday, February 28th. The shares were sold at an average price of C$231.30, for a total value of C$57,825.00. Over the last three months, insiders have acquired 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. 59.41% of the stock is currently owned by corporate 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%.