Analysts Set George Weston Limited (TSE:WN) Target Price at C$282.42

Shares of George Weston Limited (TSE:WN - Get Free Report) have earned an average rating of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat reports. Two equities research 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 a report on the stock in the last year is C$282.42.

Several equities analysts have recently issued reports on WN shares. Royal Bank of Canada boosted their price objective on George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. CIBC boosted their price target on George Weston from C$268.00 to C$296.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Scotiabank increased their price target on George Weston from C$241.00 to C$285.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. TD Securities lifted their price objective on shares of George Weston from C$256.00 to C$308.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Desjardins increased their target price on shares of George Weston from C$251.00 to C$300.00 in a research report on Friday, May 9th.

Insider Activity

In other George Weston news, Senior Officer Andrew Michael Bunston sold 2,151 shares of George Weston stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$277.71, for a total value of C$597,360.23. Also, Senior Officer Rashid Wasti purchased 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of C$22.87 per share, for a total transaction of C$34,305.00. In the last ninety days, insiders have sold 48,980 shares of company stock worth $13,059,495. 59.41% of the stock is owned by company insiders.

George Weston Stock Performance

Shares of George Weston stock traded up C$3.19 during trading on Friday, hitting C$270.16. 158,994 shares of the stock were exchanged, compared to its average volume of 140,673. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. George Weston has a 12 month low of C$186.22 and a 12 month high of C$280.86. The stock's fifty day moving average is C$261.28 and its 200 day moving average is C$239.74. The stock has a market cap of C$35.07 billion, a PE ratio of 54.08, a P/E/G ratio of 5.03 and a beta of 0.42.

About George Weston

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%.