George Weston (TSE:WN) Given New C$300.00 Price Target at Desjardins

George Weston (TSE:WN) had its price target increased by Desjardins from C$251.00 to C$300.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other research firms also recently issued reports on WN. Scotiabank boosted their target price on shares of George Weston from C$241.00 to C$285.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. TD Securities increased their target price on George Weston from C$256.00 to C$308.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Royal Bank of Canada increased their target price on George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. Finally, CIBC increased their target price on George Weston from C$268.00 to C$296.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$282.42.

George Weston Trading Down 0.5%

Shares of George Weston stock opened at C$262.81 on Friday. George Weston has a fifty-two week low of C$184.95 and a fifty-two week high of C$273.19. The business’s fifty day moving average is C$247.51 and its two-hundred day moving average is C$232.92. The firm has a market cap of C$34.12 billion, a PE ratio of 52.60, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50.

Insider Activity at George Weston

In related news, Senior Officer Rashid Wasti sold 250 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$231.30, for a total value of C$57,825.00. Also, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total value of C$2,308,031.00. In the last three months, insiders purchased 4,000 shares of company stock worth $90,780 and sold 97,461 shares worth $23,307,577. 59.41% of the stock is 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%.