George Weston Limited (TSE:WN) Receives C$282.42 Average Price Target from Brokerages

Shares of George Weston Limited (TSE:WN - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$282.42.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. Scotiabank boosted their price target on shares of George Weston from C$241.00 to C$285.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. CIBC boosted their price target on shares of 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 boosted their price target 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 boosted their price target on shares of George Weston from C$251.00 to C$300.00 in a research note on Friday, May 9th.

George Weston Stock Up 0.3%

Shares of George Weston stock traded up C$0.87 during trading on Wednesday, reaching C$270.89. 40,551 shares of the company traded hands, compared to its average volume of 137,897. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. George Weston has a 1-year low of C$202.60 and a 1-year high of C$280.86. The company has a 50 day moving average price of C$268.34 and a 200-day moving average price of C$244.46. The firm has a market capitalization of C$35.16 billion, a PE ratio of 54.22, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Activity at George Weston

In other news, Senior Officer Andrew Michael Bunston sold 2,151 shares of the firm's 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 Richard Dufresne sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of C$267.91, for a total transaction of C$5,358,136.00. Insiders have sold 47,480 shares of company stock worth $12,706,095 over the last three months. Insiders own 59.41% of the company's stock.

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%.