George Weston Limited (TSE:WN) Receives C$229.67 Consensus Target Price from Analysts

Shares of George Weston Limited (TSE:WN) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$229.67.

Several equities analysts recently weighed in on the stock. TD Securities cut their price objective 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. BMO Capital Markets increased their target price on shares of George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Desjardins increased their target price on shares of George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, CIBC increased their target price on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st.

Insider Transactions at George Weston

In other news, Senior Officer Rashid Wasti sold 150 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00. In related news, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total value of C$8,355,124.15. Also, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00. Over the last quarter, insiders purchased 9,400 shares of company stock valued at $202,958 and sold 54,419 shares valued at $12,242,452. 59.41% of the stock is owned by insiders.

George Weston Trading Down 1.6 %

Shares of TSE WN opened at C$220.85 on Friday. The company’s 50 day simple moving average is C$222.00 and its 200 day simple moving average is C$205.75. George Weston has a fifty-two week low of C$148.43 and a fifty-two week high of C$229.22. The firm has a market capitalization of C$29.18 billion, a P/E ratio of 24.87, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73.

George Weston (TSE:WN) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$2.93 earnings per share for the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. The business had revenue of C$14.09 billion for the quarter. On average, analysts predict that George Weston will post 13.0245758 EPS for the current year.

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.