George Weston (TSE:WN - Get Free Report) was upgraded by analysts at Scotiabank from a "sector perform" rating to an "outperform" rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a C$240.00 price target on the stock, up from their previous price target of C$218.00. Scotiabank's target price suggests a potential upside of 6.77% from the company's previous close.
Several other research analysts have also recently issued reports on the stock. CIBC increased their price objective on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Desjardins lifted their target price on George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. BMO Capital Markets lifted their price objective on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Royal Bank of Canada increased their target price on shares of George Weston from C$253.00 to C$266.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, TD Securities lifted their price target on shares of 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$252.42.
Read Our Latest Research Report on WN
George Weston Stock Performance
Shares of TSE:WN traded up C$1.92 during trading hours on Wednesday, hitting C$224.79. The stock had a trading volume of 174,232 shares, compared to its average volume of 117,686. George Weston has a 1-year low of C$163.70 and a 1-year high of C$239.79. The firm has a market capitalization of C$29.70 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 5.03 and a beta of 0.42. The stock's fifty day simple moving average is C$226.83 and its 200 day simple moving average is C$218.60. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.
Insider Activity at George Weston
In other news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Over the last ninety days, insiders have sold 15,150 shares of company stock valued at $3,393,420. Company insiders own 59.41% of the company's stock.
About George Weston
(
Get Free Report)
George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.
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