Royal Bank Of Canada Trims George Weston Limited (TSE:WN) Target Price to C$145.00
George Weston Limited (TSE:WN) had its price objective lowered by equities research analysts at Royal Bank Of Canada from C$147.00 to C$145.00 in a report released on Thursday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 32.32% from the stock’s previous close.
Other equities analysts also recently issued reports about the company. Scotiabank boosted their price objective on George Weston Limited from C$127.00 to C$136.00 and gave the company an “outperform” rating in a research report on Wednesday, May 10th. CIBC lowered their price objective on George Weston Limited from C$127.00 to C$126.00 in a research report on Wednesday, May 10th. BMO Capital Markets set a C$129.00 price objective on George Weston Limited and gave the company an “outperform” rating in a research report on Monday. Barclays PLC lowered their price objective on George Weston Limited from C$117.00 to C$115.00 in a research report on Monday. Finally, George Weston Ltd. downgraded George Weston Limited from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from C$131.04 to C$117.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. George Weston Limited has an average rating of “Buy” and an average price target of C$126.50.
Shares of George Weston Limited (TSE WN) traded down 0.51% during trading on Thursday, hitting $109.02. The stock had a trading volume of 115,662 shares. The company has a market cap of $13.92 billion and a PE ratio of 24.54. The stock has a 50 day moving average of $116.30 and a 200 day moving average of $116.20. George Weston Limited has a 12 month low of $100.41 and a 12 month high of $125.67.
In related news, Director Robert John Dart sold 500 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$123.25, for a total value of C$61,625.00. Also, Director Mary Diane Wendy Rebanks bought 9,700 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was purchased at an average price of C$25.90 per share, for a total transaction of C$251,230.00.
About George Weston Limited
George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.
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