TD Securities Increases George Weston (TSE:WN) Price Target to C$313.00

Key Points

• TD Securities has raised the price target for George Weston from C$308.00 to C$313.00, indicating a potential upside of 18.89% from the stock's previous close.
• Other analysts, including the Royal Bank of Canada and Desjardins, have also upgraded their price objectives for George Weston, with a current consensus target price of C$288.58.
• George Weston has a market capitalization of C$34.17 billion and operates primarily through its subsidiaries, Loblaw and Choice Properties.

George Weston (TSE:WN - Get Free Report) had its target price increased by equities researchers at TD Securities from C$308.00 to C$313.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective would indicate a potential upside of 18.89% from the stock's previous close.

A number of other equities analysts have also commented on WN. Royal Bank Of Canada lifted their price objective on George Weston from C$284.00 to C$316.00 in a research note on Monday, July 21st. Desjardins upped their price objective on shares of George Weston from C$251.00 to C$300.00 in a research report on Friday, May 9th. CIBC upped their price objective on shares of George Weston from C$268.00 to C$296.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Scotiabank increased 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, George Weston currently has a consensus rating of "Moderate Buy" and a consensus target price of C$288.58.

George Weston Price Performance

TSE:WN traded down C$1.17 during midday trading on Monday, hitting C$263.27. 23,214 shares of the stock were exchanged, compared to its average volume of 133,659. The company has a market capitalization of C$34.17 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston has a one year low of C$204.47 and a one year high of C$280.86. The business has a 50-day moving average price of C$268.98 and a two-hundred day moving average price of C$248.97. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

Insider Activity

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

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%.

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