CIBC Boosts George Weston (TSE:WN) Price Target to C$254.00

George Weston (TSE:WN) had its price objective upped by CIBC from C$235.00 to C$254.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on WN. Desjardins boosted their price target on shares of George Weston from C$205.00 to C$212.00 in a research report on Wednesday, May 8th. BMO Capital Markets boosted their price target on shares of George Weston from C$185.00 to C$196.00 in a research report on Wednesday, May 8th. TD Securities reduced their target price on shares of George Weston from C$246.00 to C$242.00 and set a buy rating for the company in a report on Monday, July 22nd. Finally, Scotiabank upped their target price on shares of George Weston from C$200.00 to C$212.00 and gave the company a sector perform rating in a report on Monday, May 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$229.67.

George Weston Price Performance

George Weston stock opened at C$210.23 on Wednesday. The stock has a market cap of C$28.12 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38. The company has a fifty day simple moving average of C$200.70 and a 200-day simple moving average of C$187.19. George Weston has a 12-month low of C$144.41 and a 12-month high of C$217.28. 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 (TSE:WN) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$2.30 earnings per share (EPS) for the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. The business had revenue of C$13.74 billion during the quarter. Equities analysts expect that George Weston will post 12.1466667 EPS for the current fiscal year.

George Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.56%. George Weston’s dividend payout ratio (DPR) is 34.64%.

Insider Transactions at George Weston

In other news, Senior Officer Richard Dufresne sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$190.21, for a total transaction of C$951,043.50. In other George Weston news, Senior Officer Richard Dufresne sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$190.21, for a total transaction of C$951,043.50. Also, Senior Officer Rashid Wasti sold 3,300 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of C$215.00, for a total transaction of C$709,500.00. Insiders have sold a total of 29,607 shares of company stock worth $5,781,472 over the last ninety days. 58.49% of the stock is currently owned by company 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.