George Weston (TSE:WN) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

George Weston (TSE:WN) had its target price hoisted by Royal Bank of Canada from C$230.00 to C$253.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. Desjardins lifted their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets increased their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. TD Securities reduced their price objective on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Scotiabank raised George Weston to a “hold” rating in a research report on Wednesday, October 30th. Finally, CIBC boosted their price target on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, George Weston has an average rating of “Moderate Buy” and a consensus target price of C$235.50.

George Weston Stock Up 0.3 %

Shares of TSE WN opened at C$225.90 on Tuesday. The company has a market cap of C$29.85 billion, a P/E ratio of 25.47, a PEG ratio of 5.03 and a beta of 0.42. The firm has a 50-day simple moving average of C$223.93 and a two-hundred day simple moving average of C$209.27. George Weston has a 1 year low of C$155.00 and a 1 year high of C$236.30. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73.

Insider Transactions at George Weston

In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. Also, Senior Officer Rashid Wasti bought 1,500 shares of George Weston stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of C$21.72 per share, with a total value of C$32,580.00. In the last ninety days, insiders have bought 7,900 shares of company stock valued at $170,948 and have sold 54,115 shares valued at $12,177,793. Corporate insiders own 59.41% of the company’s stock.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.