George Weston (TSE:WN) Price Target Raised to C$232.00

George Weston (TSE:WN) had its price objective boosted by Desjardins from C$212.00 to C$232.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also commented on WN. TD Securities decreased their price target on George Weston from C$246.00 to C$242.00 and set a buy rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets boosted their price target on George Weston from C$196.00 to C$220.00 and gave the company a market perform rating in a research note on Wednesday. Scotiabank boosted their price objective on George Weston from C$200.00 to C$212.00 and gave the stock a sector perform rating in a research note on Monday, May 6th. Finally, CIBC boosted their price objective on George Weston from C$235.00 to C$254.00 and gave the stock an outperform rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, George Weston currently has an average rating of Moderate Buy and an average price target of C$229.67.

George Weston Stock Performance

WN opened at C$210.23 on Wednesday. The stock has a market cap of C$28.12 billion, a PE ratio of 22.20, a P/E/G ratio of 1.70 and a beta of 0.38. The company has a current ratio of 1.25, a quick ratio of 0.73 and a debt-to-equity ratio of 159.31. George Weston has a 1 year low of C$144.41 and a 1 year high of C$217.28. The stock’s 50 day simple moving average is C$200.70 and its 200-day simple moving average is C$187.08.

George Weston (TSE:WN) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$2.30 EPS for the quarter. The business had revenue of C$13.74 billion for the quarter. George Weston had a return on equity of 18.50% and a net margin of 2.22%. Sell-side analysts forecast that George Weston will post 12.1466667 EPS for the current year.

George Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a $0.82 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.28 dividend on an annualized basis and a yield of 1.56%. George Weston’s dividend payout ratio is presently 34.64%.

Insider Activity at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction dated 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 other George Weston news, Senior Officer Rashid Wasti sold 1,307 shares of the firm’s stock in a transaction that occurred on 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 firm’s stock in a transaction that occurred on 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. Over the last quarter, insiders sold 26,307 shares of company stock worth $5,071,972. 58.49% of the stock is owned by insiders.

George Weston Company Profile

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.