Royal Bank of Canada Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its price target upped by investment analysts at Royal Bank of Canada from C$264.00 to C$284.00 in a research note issued on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 12.72% from the stock’s current price.

A number of other equities analysts have also issued reports on WN. CIBC decreased their price objective on George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Scotiabank lowered George Weston from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$240.00 to C$241.00 in a research report on Thursday, February 27th. Finally, Desjardins lowered their price target on George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$254.75.

George Weston Trading Up 0.3 %

George Weston stock opened at C$251.96 on Monday. George Weston has a 52-week low of C$174.77 and a 52-week high of C$256.22. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The firm has a market capitalization of C$32.71 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 5.03 and a beta of 0.42. The firm has a 50-day moving average price of C$233.96 and a two-hundred day moving average price of C$227.91.

Insiders Place Their Bets

In other news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total value of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$235.60, for a total transaction of C$353,400.00. Over the last ninety days, insiders bought 4,000 shares of company stock worth $90,780 and sold 77,461 shares worth $17,949,441. 59.41% of the stock is currently owned by insiders.

About George Weston

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%.