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

George Weston (TSE:WN) had its price objective upped by stock analysts at Desjardins from C$103.00 to C$110.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Desjardins’ price target indicates a potential upside of 16.11% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised their target price on shares of George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. BMO Capital Markets upped their price objective on George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. TD Securities raised their price objective on George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. Finally, CIBC lifted their target price on George Weston from C$100.00 to C$112.00 in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and a consensus price target of C$105.78.

George Weston Price Performance

TSE:WN opened at C$94.74 on Friday. The stock has a market capitalization of C$36.22 billion, a PE ratio of 25.29, a P/E/G ratio of 5.03 and a beta of 0.42. George Weston has a 1-year low of C$71.20 and a 1-year high of C$97.94. The firm has a fifty day simple moving average of C$91.38 and a 200 day simple moving average of C$89.10. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

George Weston (TSE:WN) last posted its quarterly earnings results on Friday, November 14th. The company reported C$1.37 earnings per share (EPS) for the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. The firm had revenue of C$19.55 billion for the quarter. On average, research analysts expect that George Weston will post 13.0245758 EPS for the current fiscal year.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.