Royal Bank of Canada Raises George Weston (TSE:WN) Price Target to C$284.00

George Weston (TSE:WN - Free Report) had its target price upped by Royal Bank of Canada from C$264.00 to C$284.00 in a report released on Monday morning,BayStreet.CA reports.

Several other analysts have also recently commented on the company. Desjardins decreased their target price on George Weston from C$255.00 to C$251.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. CIBC cut their target price on shares of George Weston from C$269.00 to C$268.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, Scotiabank downgraded shares of George Weston from an "outperform" rating to a "sector perform" rating and boosted their price target for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$254.75.

George Weston Price Performance

Shares of WN traded up C$2.50 during trading hours on Monday, hitting C$257.27. The stock had a trading volume of 95,552 shares, compared to its average volume of 141,412. George Weston has a 52 week low of C$175.48 and a 52 week high of C$257.98. The stock has a market capitalization of C$33.40 billion, a price-to-earnings ratio of 51.50, a P/E/G ratio of 5.03 and a beta of 0.42. The company's fifty day moving average is C$235.95 and its two-hundred day moving average is C$228.53. 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, Director Willard Galen Garfield Weston sold 57,463 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$231.03, for a total transaction of C$13,275,441.29. Also, Senior Officer Rashid Wasti sold 750 shares of George Weston stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$239.90, for a total value of C$179,925.00. Over the last ninety days, insiders have acquired 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. 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%.