FY2024 EPS Estimates for George Weston Lifted by Desjardins

George Weston Limited (TSE:WN) – Equities research analysts at Desjardins increased their FY2024 EPS estimates for George Weston in a research report issued on Wednesday, November 20th. Desjardins analyst C. Li now expects that the company will earn $11.81 per share for the year, up from their prior estimate of $11.67. The consensus estimate for George Weston’s current full-year earnings is $13.02 per share. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.48 EPS.

WN has been the topic of a number of other reports. CIBC upped their target price on shares of George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th. BMO Capital Markets increased their price objective on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. TD Securities lifted their target price on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Royal Bank of Canada increased their price target on George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. Finally, Scotiabank reduced their price target on George Weston from C$222.00 to C$218.00 in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, George Weston presently has a consensus rating of “Moderate Buy” and a consensus target price of C$246.58.

George Weston Stock Up 1.5 %

Shares of WN opened at C$221.37 on Monday. The business’s fifty day moving average price is C$223.46 and its two-hundred day moving average price is C$211.25. The firm has a market capitalization of C$29.25 billion, a price-to-earnings ratio of 24.93, a PEG 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 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 related 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 Richard Dufresne sold 4,400 shares of George Weston stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$226.89, for a total transaction of C$998,326.12. In the last quarter, insiders bought 5,100 shares of company stock worth $109,809 and sold 53,965 shares worth $12,144,417. 59.41% of the stock is owned by corporate insiders.

George Weston Company Profile

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.