George Weston (TSE:WN) Upgraded at Scotiabank

George Weston (TSE:WN - Get Free Report) was upgraded by research analysts at Scotiabank to a "hold" rating in a report issued on Wednesday, Zacks.com reports.

Several other research firms have also commented on WN. CIBC raised their target price on shares of George Weston from C$235.00 to C$254.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. TD Securities reduced their price target on shares of George Weston from C$246.00 to C$242.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets raised their price target on shares of George Weston from C$196.00 to C$220.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. Finally, Desjardins raised their price target on shares of George Weston from C$212.00 to C$232.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$229.67.

George Weston Stock Performance

Shares of WN traded up C$1.55 during trading hours on Wednesday, hitting C$222.40. The company had a trading volume of 89,407 shares, compared to its average volume of 126,912. George Weston has a 12 month low of C$150.62 and a 12 month high of C$229.22. The firm has a market cap of C$29.39 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 5.03 and a beta of 0.42. The business has a fifty day moving average of C$222.13 and a 200-day moving average of C$206.08. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94.

George Weston (TSE:WN - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$2.93 EPS for the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. The business had revenue of C$14.09 billion for the quarter. Equities analysts anticipate that George Weston will post 13.0245758 EPS for the current fiscal year.

Insider Activity

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of George Weston stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total value of C$8,355,124.15. In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. Also, Senior Officer Rashid Wasti sold 150 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00. In the last quarter, insiders purchased 9,400 shares of company stock worth $202,958 and sold 54,419 shares worth $12,242,452. 59.41% of the stock is currently owned by company insiders.

About George Weston

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.