BMO Capital Markets Reiterates Outperform Rating for George Weston Limited (WN)
George Weston Limited (TSE:WN)‘s stock had its “outperform” rating restated by BMO Capital Markets in a note issued to investors on Wednesday. They presently have a C$129.00 price target on the stock. BMO Capital Markets’ price target points to a potential upside of 16.47% from the company’s previous close.
Several other analysts have also recently weighed in on WN. Scotiabank dropped their price objective on George Weston Limited from C$130.00 to C$115.00 and set a “sector perform” rating for the company in a report on Wednesday. CIBC dropped their price objective on George Weston Limited from C$126.00 to C$123.00 in a report on Monday, July 31st. Barclays PLC dropped their price objective on George Weston Limited from C$117.00 to C$115.00 in a report on Monday, July 31st. Royal Bank Of Canada dropped their price objective on George Weston Limited from C$145.00 to C$144.00 and set an “outperform” rating for the company in a report on Monday. Finally, George Weston Ltd. cut George Weston Limited from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from C$131.04 to C$117.00 in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$122.83.
Shares of George Weston Limited (TSE:WN) traded down C$1.37 during trading hours on Wednesday, reaching C$110.76. The company’s stock had a trading volume of 218,422 shares, compared to its average volume of 130,809. George Weston Limited has a 12-month low of C$104.49 and a 12-month high of C$125.67.
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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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