George Weston (TSE:WN) PT Raised to C$179.00

George Weston (TSE:WNGet Rating) had its price objective upped by Royal Bank of Canada from C$165.00 to C$179.00 in a report issued on Tuesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on WN. CIBC lifted their price target on George Weston from C$171.00 to C$177.00 and gave the stock an outperform rating in a research note on Thursday, March 3rd. TD Securities raised their target price on shares of George Weston from C$175.00 to C$185.00 and gave the stock a buy rating in a report on Wednesday, March 16th. Finally, Scotiabank raised their target price on shares of George Weston from C$134.00 to C$167.00 in a report on Thursday, January 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of C$168.67.

TSE:WN opened at C$154.11 on Tuesday. The company has a market capitalization of C$22.62 billion and a price-to-earnings ratio of 413.16. George Weston has a one year low of C$114.20 and a one year high of C$162.51. The stock has a 50-day simple moving average of C$156.36 and a 200 day simple moving average of C$146.07. The company has a debt-to-equity ratio of 148.41, a quick ratio of 0.88 and a current ratio of 1.46.

George Weston (TSE:WNGet Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported C$2.32 EPS for the quarter, topping analysts’ consensus estimates of C$2.09 by C$0.23. The firm had revenue of C$12.90 billion during the quarter, compared to analyst estimates of C$12.90 billion. On average, equities research analysts forecast that George Weston will post 10.8199998 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a boost from George Weston’s previous quarterly dividend of $0.60. George Weston’s payout ratio is 616.62%.

In other news, Senior Officer Gordon Andrew Mcdonald Currie sold 25,656 shares of George Weston stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of C$157.24, for a total transaction of C$4,034,082.73. Following the sale, the insider now owns 24,059 shares of the company’s stock, valued at C$3,782,974.61. Also, Director Willard Galen Garfield Weston sold 21,627 shares of George Weston stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of C$150.28, for a total value of C$3,250,055.82. Following the sale, the director now directly owns 118,528 shares in the company, valued at approximately C$17,812,115.23. In the last ninety days, insiders have sold 110,243 shares of company stock worth $16,975,453.

George Weston Company Profile (Get Rating)

George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.

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Analyst Recommendations for George Weston (TSE:WN)

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