George Weston (TSE:WN) Raised to Outperform at BMO Capital Markets

George Weston (TSE:WN) was upgraded by research analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a report issued on Monday, Marketbeat.com reports. The firm presently has a C$113.00 price target on the stock, up from their prior price target of C$103.00. BMO Capital Markets’ price target points to a potential upside of 9.05% from the company’s previous close.

A number of other research firms also recently issued reports on WN. Scotia dropped their price target on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce reduced their price objective on George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$111.00.

George Weston Price Performance

Shares of WN opened at C$103.62 on Monday. The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. George Weston has a 1-year low of C$82.77 and a 1-year high of C$106.99. The stock has a market cap of C$39.07 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. The firm has a fifty day moving average price of C$100.44 and a 200 day moving average price of C$98.69.

George Weston (TSE:WN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 earnings per share (EPS) for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The company had revenue of C$14.64 billion for the quarter. As a group, sell-side analysts anticipate that George Weston will post 13.0245758 EPS for the current 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.