Analysts Set George Weston Limited (TSE:WN) PT at C$229.67

Shares of George Weston Limited (TSE:WN) have been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$229.67.

Several research firms have commented on WN. BMO Capital Markets increased their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. CIBC increased their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Desjardins boosted their price objective on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Securities decreased their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research report on Monday, July 22nd.

Insider Activity

In other George Weston news, Senior Officer Rashid Wasti sold 3,300 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of C$215.00, for a total transaction of C$709,500.00. In other George Weston news, Senior Officer Rashid Wasti sold 3,300 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of C$215.00, for a total transaction of C$709,500.00. Also, Senior Officer Richard Dufresne sold 5,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$221.48, for a total value of C$1,107,420.50. In the last 90 days, insiders have bought 6,300 shares of company stock valued at $136,049 and have sold 16,454 shares valued at $3,598,502. Insiders own 59.12% of the company’s stock.

George Weston Stock Performance

Shares of WN stock opened at C$224.24 on Thursday. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. The firm has a 50-day moving average of C$213.60 and a 200-day moving average of C$195.87. George Weston has a one year low of C$144.41 and a one year high of C$224.44. The company has a market cap of C$29.63 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.70 and a beta of 0.42.

George Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, September 13th. George Weston’s dividend payout ratio is currently 36.94%.

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.