George Weston (TSE:WN) Price Target Raised to C$323.00

Key Points

• Royal Bank of Canada has raised its price target for George Weston from C$316.00 to C$323.00, indicating a potential upside of 21.89% from the stock's previous close.
• Other analysts, including Scotiabank and Desjardins, have also increased their price targets, with consensus rating for George Weston currently being a "Moderate Buy".
• Despite these positive outlooks from analysts, George Weston shares dipped 1.2% to C$264.99 on the trading day following the announcements.

George Weston (TSE:WN - Get Free Report) had its target price upped by analysts at Royal Bank Of Canada from C$316.00 to C$323.00 in a report released on Wednesday,BayStreet.CA reports. Royal Bank Of Canada's price objective indicates a potential upside of 24.03% from the stock's previous close.

WN has been the subject of several other research reports. BMO Capital Markets increased their price objective on George Weston from C$271.00 to C$284.00 in a report on Wednesday. Desjardins lifted their price objective on George Weston from C$300.00 to C$305.00 and gave the company a "buy" rating in a research note on Wednesday. TD Securities lifted their price target 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. CIBC lifted 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. Finally, Scotiabank lifted their price target on 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$301.00.

George Weston Price Performance

Shares of WN stock traded down C$2.87 during trading hours on Wednesday, hitting C$260.42. The stock had a trading volume of 121,899 shares, compared to its average volume of 133,732. George Weston has a one year low of C$204.47 and a one year 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. The stock's 50-day moving average price is C$268.60 and its two-hundred day moving average price is C$250.37. The stock has a market capitalization of C$33.80 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 5.03 and a beta of 0.42.

Insider Transactions at George Weston

In other George Weston news, 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. Also, Senior Officer Richard Dufresne sold 20,000 shares of George Weston stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of C$267.91, for a total transaction of C$5,358,136.00. Over the last ninety days, insiders sold 47,480 shares of company stock valued at $12,706,095. 59.41% of the stock is currently owned by corporate insiders.

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%.