George Weston (TSE:WN) Given New C$220.00 Price Target at BMO Capital Markets

George Weston (TSE:WN) had its price objective boosted by research analysts at BMO Capital Markets from C$196.00 to C$220.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 2.23% from the company’s previous close.

WN has been the topic of several other reports. Desjardins increased their target price on George Weston from C$205.00 to C$212.00 in a research report on Wednesday, May 8th. TD Securities cut their price target on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Scotiabank upped their price target on shares of George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. Finally, CIBC upped their price target on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$229.67.

George Weston Price Performance

George Weston stock traded up C$2.30 during trading hours on Wednesday, hitting C$215.20. The stock had a trading volume of 18,160 shares, compared to its average volume of 122,809. George Weston has a 1-year low of C$144.41 and a 1-year high of C$217.28. The stock has a market capitalization of C$28.79 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.70 and a beta of 0.38. The stock’s fifty day moving average is C$199.67 and its two-hundred day moving average is C$186.44. The company has a debt-to-equity ratio of 159.31, a current ratio of 1.25 and a quick ratio of 0.73.

George Weston (TSE:WN) last posted its earnings results on Tuesday, May 7th. The company reported C$2.30 earnings per share for the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. The firm had revenue of C$13.74 billion during the quarter. As a group, analysts predict that George Weston will post 12.1466667 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$190.49, for a total value of C$1,904,880.00. In related news, Senior Officer Rashid Wasti sold 1,307 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$193.25, for a total value of C$252,577.75. Also, Senior Officer Richard Dufresne sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$190.49, for a total value of C$1,904,880.00. Insiders sold 26,307 shares of company stock worth $5,071,972 over the last three months. Corporate insiders own 58.49% 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.