BMO Capital Markets Issues Positive Forecast for George Weston (TSE:WN) Stock Price

Key Points

• BMO Capital Markets has raised its price target for George Weston from C$271.00 to C$284.00, indicating a potential upside of 7.17% from the stock's previous close.
• Analysts from CIBC and Desjardins have also increased their price targets, with CIBC setting it at C$296.00 and Desjardins at C$300.00, both indicating strong positive sentiments towards the stock.
• George Weston shares have recently traded down by 1.2%, reaching C$264.99 during trading hours, despite a consensus rating of "Moderate Buy" from analysts.

George Weston (TSE:WN - Get Free Report) had its price objective boosted by equities research analysts at BMO Capital Markets from C$271.00 to C$284.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 9.05% from the stock's current price.

Other equities research analysts have also issued reports about the stock. TD Securities upped their price target on shares of George Weston from C$308.00 to C$313.00 and gave the company a "buy" rating in a report on Monday, July 28th. CIBC upped their price target on shares of 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. Desjardins upped their price target on shares of George Weston from C$251.00 to C$300.00 in a research report on Friday, May 9th. Scotiabank upped their price target on shares of 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. Finally, Royal Bank Of Canada upped their price target on shares of George Weston from C$284.00 to C$316.00 in a research report on Monday, July 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$301.00.

George Weston Stock Performance

Shares of WN traded down C$2.87 during trading hours on Wednesday, reaching C$260.42. 121,899 shares of the company traded hands, compared to its average volume of 133,732. The stock has a market capitalization of C$33.80 billion, a P/E ratio of 52.13, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. George Weston has a 12-month low of C$204.47 and a 12-month high of C$280.86. The business has a fifty day moving average price of C$268.60 and a 200-day moving average price of C$250.37.

Insider Transactions at George Weston

In related news, Senior Officer Richard Dufresne sold 5,329 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$277.47, for a total transaction of C$1,478,612.05. Also, Senior Officer Andrew Michael Bunston sold 2,151 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$277.71, for a total transaction of C$597,360.23. In the last three months, insiders have sold 47,480 shares of company stock worth $12,706,095. 59.41% of the stock is owned by insiders.

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%.