George Weston (TSE:WN) Price Target Raised to C$221.50 at BMO Capital Markets

George Weston (TSE:WN) had its price objective raised by BMO Capital Markets from C$220.00 to C$221.50 in a research report released on Wednesday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada lifted their price objective on shares of George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. Desjardins boosted their target price on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday. Scotiabank cut their price target on George Weston from C$222.00 to C$218.00 in a research report on Wednesday. CIBC boosted their price objective on George Weston from C$254.00 to C$269.00 in a report on Wednesday. Finally, TD Securities raised their target price on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$246.58.

George Weston Trading Down 0.1 %

George Weston stock opened at C$218.89 on Wednesday. The stock has a 50-day moving average price of C$223.70 and a 200 day moving average price of C$210.80. The company has a market capitalization of C$28.92 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. George Weston has a 52 week low of C$155.49 and a 52 week high of C$236.30. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94.

Insider Transactions at George Weston

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50. In the last ninety days, insiders have bought 7,100 shares of company stock valued at $153,149 and have sold 54,115 shares valued at $12,177,793. Corporate insiders own 59.41% of the company’s stock.

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.