Free Trial

George Weston (TSE:WN) Price Target Raised to C$316.00 at Royal Bank Of Canada

George Weston logo with Consumer Defensive background

George Weston (TSE:WN - Get Free Report) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$284.00 to C$316.00 in a report issued on Monday,BayStreet.CA reports. Royal Bank Of Canada's price target points to a potential upside of 19.97% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. TD Securities raised their target price on George Weston from C$256.00 to C$308.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. CIBC raised their price target 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. Scotiabank increased their target price on shares of George Weston from C$241.00 to C$285.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Desjardins raised their target price on shares of George Weston from C$251.00 to C$300.00 in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$287.75.

View Our Latest Analysis on WN

George Weston Trading Down 0.3%

WN stock traded down C$0.92 during mid-day trading on Monday, reaching C$263.39. The company had a trading volume of 41,833 shares, compared to its average volume of 135,315. The firm has a 50 day moving average of C$268.59 and a 200 day moving average of C$247.60. The company has a market capitalization of C$34.19 billion, a PE ratio of 52.72, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. George Weston has a 12 month low of C$204.47 and a 12 month high of C$280.86. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73.

Insiders Place Their Bets

In other George Weston news, Senior Officer Richard Dufresne sold 20,000 shares of the company'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. Also, Senior Officer Andrew Michael Bunston sold 2,151 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$277.71, for a total transaction of C$597,360.23. Insiders sold a total of 47,480 shares of company stock worth $12,706,095 in the last quarter. 59.41% of the stock is currently owned by company insiders.

About George Weston

(Get Free Report)

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%.

Featured Stories

Analyst Recommendations for George Weston (TSE:WN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in George Weston Right Now?

Before you consider George Weston, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and George Weston wasn't on the list.

While George Weston currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines