George Weston Limited (TSE:WN) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• George Weston Limited has an average analyst rating of "Moderate Buy", with six analysts covering the stock: four Buy ratings and two Hold ratings.
• The average 1-year price target among analysts is C$111.00, and BMO Capital Markets recently upgraded the stock to Outperform with a higher target of C$113.00.
• The shares recently traded at C$104.84, near their 12-month high of C$106.99, after the company reported quarterly EPS of C$0.91 on revenue of C$14.64 billion.

George Weston Limited (TSE:WN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$111.00.

A number of equities analysts have commented on the stock. BMO Capital Markets upgraded shares of George Weston from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from C$103.00 to C$113.00 in a report on Monday. Canadian Imperial Bank of Commerce cut their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, Scotia reduced their price objective on shares of George Weston from C$106.00 to C$102.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 13th.

George Weston Stock Performance

Shares of WN traded up C$0.97 during trading hours on Monday, hitting C$104.84. The stock had a trading volume of 145,930 shares, compared to its average volume of 343,733. George Weston has a 12 month low of C$82.77 and a 12 month high of C$106.99. The stock has a fifty day moving average price of C$100.09 and a 200 day moving average price of C$98.55. The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. The firm has a market capitalization of C$39.53 billion, a PE ratio of 36.66, a PEG ratio of 5.03 and a beta of 0.31.

George Weston (TSE:WN - Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. The company had revenue of C$14.64 billion for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. Analysts anticipate that George Weston will post 13.0245758 EPS for the current year.

George Weston Company Profile

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston's ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.

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