George Weston Limited (TSE:WN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of George Weston Limited (TSE:WN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$282.42.

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

George Weston Stock Performance

Shares of WN traded down C$2.75 on Friday, reaching C$267.52. 157,422 shares of the company's stock traded hands, compared to its average volume of 140,600. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The stock's 50 day simple moving average is C$260.57 and its two-hundred day simple moving average is C$238.90. George Weston has a 52-week low of C$186.22 and a 52-week high of C$280.86. The stock has a market cap of C$34.73 billion, a PE ratio of 53.55, a PEG ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling at George Weston

In other George Weston news, Director Willard Galen Garfield Weston sold 7,248 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$236.64, for a total transaction of C$1,715,131.20. Also, Senior Officer Richard Dufresne sold 20,000 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of C$267.91, for a total transaction of C$5,358,136.00. In the last three months, insiders have sold 56,978 shares of company stock valued at $14,954,551. 59.41% of the stock is currently owned by corporate insiders.

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%.