George Weston Limited (TSE:WN) Receives C$248.75 Consensus Target Price from Brokerages

George Weston Limited (TSE:WN) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$252.42.

A number of equities research analysts have commented on WN shares. BMO Capital Markets raised their price target on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Scotiabank raised George Weston from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$218.00 to C$240.00 in a research note on Wednesday, January 8th. Desjardins raised their price objective on George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. Royal Bank of Canada upped their target price on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, CIBC lifted their price target on shares of George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th.

Insider Transactions at George Weston

In other George Weston news, Senior Officer Rashid Wasti sold 150 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total value of C$35,317.50. Also, Senior Officer Richard Dufresne sold 5,000 shares of George Weston stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of C$221.72, for a total transaction of C$1,108,589.00. Insiders sold a total of 15,150 shares of company stock valued at $3,393,420 over the last ninety days. 59.41% of the stock is currently owned by insiders.

George Weston Stock Performance

Shares of WN stock opened at C$221.01 on Wednesday. The firm has a 50 day moving average of C$226.86 and a 200-day moving average of C$219.55. The company has a market cap of C$29.20 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. 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 has a 52 week low of C$166.78 and a 52 week high of C$239.79.

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.