Royal Bank Of Canada Forecasts Strong Price Appreciation for George Weston (TSE:WN) Stock

George Weston (TSE:WN) had its price target lifted by Royal Bank Of Canada from C$109.00 to C$115.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 17.83% from the company’s previous close.

Several other brokerages have also commented on WN. TD Securities lifted their price target on shares of George Weston from C$105.00 to C$108.00 in a research note on Thursday, November 13th. BMO Capital Markets lifted their target price on George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. Desjardins upped their target price on George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. Finally, CIBC lifted their price target on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$107.00.

George Weston Price Performance

WN stock opened at C$97.60 on Friday. The business has a 50 day moving average price of C$95.30 and a 200 day moving average price of C$90.07. The stock has a market cap of C$37.31 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 5.03 and a beta of 0.45. George Weston has a fifty-two week low of C$71.56 and a fifty-two week high of C$98.17. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50.

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