Desjardins Boosts George Weston (TSE:WN) Price Target to C$305.00

Key Points

• Desjardins raised the price target for George Weston (TSE:WN) from C$300.00 to C$305.00, suggesting a potential upside of 15.10%.
• The stock currently holds an average rating of "Moderate Buy" with a consensus price target of C$301.00 from multiple analysts.
• George Weston operates through subsidiaries Loblaw and Choice Properties, making it a significant player in both the retail and real estate sectors in Canada.

George Weston (TSE:WN - Free Report) had its price objective increased by Desjardins from C$300.00 to C$305.00 in a research note published on Wednesday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for George Weston's FY2025 earnings at $12.93 EPS and FY2026 earnings at $14.32 EPS.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets upped their price target on George Weston from C$271.00 to C$284.00 in a research report on Wednesday. TD Securities raised their price objective on George Weston from C$308.00 to C$313.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Royal Bank Of Canada raised their price objective on George Weston from C$284.00 to C$316.00 in a research note on Monday, July 21st. CIBC lifted their price objective on George Weston from C$268.00 to C$296.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Scotiabank lifted their price objective 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$301.00.

George Weston Stock Performance

Shares of George Weston stock traded down C$2.87 during midday trading on Wednesday, hitting C$260.42. The company had a trading volume of 121,899 shares, compared to its average volume of 133,732. The business's 50 day simple moving average is C$268.60 and its two-hundred day simple moving average is C$250.37. The stock has a market cap of C$33.80 billion, a PE ratio of 52.13, a P/E/G ratio of 5.03 and a beta of 0.42. 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$204.47 and a 1-year high of C$280.86.

Insider Activity at George Weston

In other news, Senior Officer Andrew Michael Bunston sold 2,151 shares of the 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. Also, Senior Officer Richard Dufresne sold 5,329 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$277.47, for a total value of C$1,478,612.05. In the last 90 days, insiders have sold 47,480 shares of company stock valued at $12,706,095. Corporate insiders own 59.41% of the company's stock.

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%.