Scotiabank Raises George Weston (TSE:WN) Price Target to C$212.00

George Weston (TSE:WN - Get Free Report) had its target price hoisted by Scotiabank from C$200.00 to C$212.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 12.27% from the company's current price.

Several other brokerages also recently issued reports on WN. CIBC increased their price objective on shares of George Weston from C$213.00 to C$222.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. TD Securities raised their price objective on George Weston from C$205.00 to C$215.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. BMO Capital Markets raised their price objective on George Weston from C$172.00 to C$185.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada raised their target price on George Weston from C$216.00 to C$218.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$208.50.

George Weston Trading Up 1.8 %

WN traded up C$3.33 on Monday, reaching C$188.83. 114,769 shares of the company's stock were exchanged, compared to its average volume of 108,575. The company's 50 day moving average is C$180.73 and its 200-day moving average is C$170.05. The company has a market cap of C$25.38 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.70 and a beta of 0.38. George Weston has a twelve month low of C$144.41 and a twelve month high of C$188.92. The company has a debt-to-equity ratio of 158.23, a quick ratio of 0.73 and a current ratio of 1.24.

George Weston (TSE:WN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 earnings per share (EPS) for the quarter. George Weston had a net margin of 2.56% and a return on equity of 19.71%. The company had revenue of C$14.70 billion during the quarter. Equities analysts predict that George Weston will post 11.8758003 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Willard Galen Garfield Weston sold 79,200 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$144.88, for a total value of C$11,474,503.92. In related news, Senior Officer Rashid Wasti sold 1,086 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$176.24, for a total value of C$191,393.60. Also, Director Willard Galen Garfield Weston sold 79,200 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. Insiders sold 151,008 shares of company stock valued at $24,350,724 over the last 90 days. 58.21% of the stock is currently owned by company insiders.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.