George Weston (TSE:WN) Stock Price Expected to Rise, TD Securities Analyst Says

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 - Free Report) had its target price hoisted by TD Securities from C$308.00 to C$313.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on WN. Scotiabank boosted 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 report on Wednesday, May 7th. CIBC boosted their target price on shares of George Weston from C$268.00 to C$296.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Royal Bank Of Canada boosted their target price on shares of George Weston from C$284.00 to C$316.00 in a report on Monday, July 21st. Finally, Desjardins boosted their target price on shares of George Weston from C$251.00 to C$300.00 in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, George Weston has a consensus rating of "Moderate Buy" and an average price target of C$301.00.

George Weston Trading Down 0.2%

George Weston stock traded down C$0.64 during trading on Monday, reaching C$262.65. The company had a trading volume of 16,268 shares, compared to its average volume of 132,951. George Weston has a 12-month low of C$204.47 and a 12-month high of C$280.86. The stock's 50 day moving average price is C$268.79 and its two-hundred day moving average price is C$249.80. The firm has a market capitalization of C$34.09 billion, a price-to-earnings ratio of 52.57, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Insider Activity at George Weston

In other news, Senior Officer Andrew Michael Bunston sold 2,151 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$277.71, for a total value of C$597,360.23. Also, Senior Officer Richard Dufresne sold 5,329 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$277.47, for a total transaction of C$1,478,612.05. Over the last quarter, insiders have sold 47,480 shares of company stock valued at $12,706,095. 59.41% of the stock is owned by insiders.

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%.