George Weston Limited (TSE:WN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of George Weston Limited (TSE:WN) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$239.00.

WN has been the subject of several analyst reports. Royal Bank of Canada boosted their price target on shares of George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. CIBC upped their target price on shares of 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. BMO Capital Markets lifted their price target on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. TD Securities increased their price objective on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday. Finally, Scotiabank raised George Weston to a “hold” rating in a research note on Wednesday, October 30th.

George Weston Trading Down 1.7 %

TSE:WN opened at C$222.15 on Tuesday. The firm has a market capitalization of C$29.35 billion, a P/E ratio of 25.02, a P/E/G ratio of 5.03 and a beta of 0.42. The business has a 50 day simple moving average of C$224.01 and a 200 day simple moving average of C$209.83. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. George Weston has a 12-month low of C$155.00 and a 12-month high of C$236.30.

Insider Activity at George Weston

In other George Weston news, Senior Officer Rashid Wasti bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of C$21.67 per share, for a total transaction of C$43,340.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. Over the last quarter, insiders have purchased 6,600 shares of company stock worth $142,829 and have sold 54,115 shares worth $12,177,793. Company insiders own 59.41% of the company’s stock.

George Weston Company Profile

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.