George Weston (TSE:WN) Price Target Raised to C$121.00

George Weston (TSE:WN) had its target price increased by TD Securities from C$108.00 to C$121.00 in a research note published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts also recently weighed in on WN. Canadian Imperial Bank of Commerce boosted their price objective on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Royal Bank Of Canada upped their price target on shares of George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. BMO Capital Markets increased their price target on shares of George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. Finally, Desjardins boosted their price objective on shares of George Weston from C$103.00 to C$110.00 in a research report on Friday, December 19th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, George Weston currently has a consensus rating of “Moderate Buy” and an average target price of C$109.17.

George Weston Stock Up 0.7%

WN opened at C$100.12 on Friday. George Weston has a 12 month low of C$75.11 and a 12 month high of C$104.50. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The business’s 50-day moving average price is C$97.77 and its 200-day moving average price is C$92.20. The company has a market cap of C$38.28 billion, a P/E ratio of 26.72, a P/E/G ratio of 5.03 and a beta of 0.48.

George Weston Company Profile

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.