George Weston (TSE:WN) Price Target Raised to C$255.00

George Weston (TSE:WN) had its price objective increased by Desjardins from C$232.00 to C$255.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. Scotiabank cut their price target on shares of George Weston from C$222.00 to C$218.00 in a report on Wednesday. BMO Capital Markets lifted their target price on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. TD Securities increased their price target 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. CIBC boosted their price objective 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. Finally, Royal Bank of Canada increased their target price on shares of George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. Two equities 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$246.58.

George Weston Trading Down 0.1 %

Shares of WN stock opened at C$218.89 on Wednesday. George Weston has a twelve month low of C$155.49 and a twelve month high of C$236.30. The stock has a market cap of C$28.92 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 5.03 and a beta of 0.42. The company’s 50-day moving average price is C$223.70 and its 200-day moving average price is C$210.80. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94.

Insider Activity at George Weston

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction 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 5,000 shares of George Weston stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$218.51, for a total value of C$1,092,546.00. Over the last quarter, insiders acquired 7,100 shares of company stock worth $153,149 and sold 54,115 shares worth $12,177,793. Company 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.