George Weston (TSE:WN) Price Target Raised to C$285.00

George Weston (TSE:WN) had its price objective upped by Scotiabank from C$241.00 to C$285.00 in a research report report published on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other brokerages also recently issued reports on WN. Royal Bank of Canada raised their target price on shares of George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Desjardins cut their price objective on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. CIBC reduced their target price on George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, TD Securities increased their price target on George Weston from C$256.00 to C$308.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$282.42.

George Weston Stock Performance

TSE WN opened at C$262.81 on Wednesday. The firm has a market capitalization of C$34.12 billion, a P/E ratio of 52.60, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. 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 firm’s fifty day moving average price is C$247.51 and its two-hundred day moving average price is C$232.77. George Weston has a 1 year low of C$184.95 and a 1 year high of C$273.19.

Insider Buying and Selling

In other news, Director Willard Galen Garfield Weston sold 57,463 shares of George Weston stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$231.03, for a total value of C$13,275,441.29. Also, Senior Officer Rashid Wasti sold 250 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$231.30, for a total value of C$57,825.00. In the last ninety days, insiders bought 4,000 shares of company stock valued at $90,780 and sold 97,461 shares valued at $23,307,577. 59.41% of the stock is currently owned by insiders.

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%.