FY2024 EPS Estimates for George Weston Boosted by Desjardins

George Weston Limited (TSE:WN) – Equities research analysts at Desjardins boosted their FY2024 EPS estimates for George Weston in a research note issued on Wednesday, November 20th. Desjardins analyst C. Li now expects that the company will post earnings per share of $11.81 for the year, up from their prior estimate of $11.67. The consensus estimate for George Weston’s current full-year earnings is $13.02 per share. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.48 EPS.

Several other analysts also recently commented on the company. 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 research note on Monday, November 18th. CIBC raised their price objective on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Scotiabank cut their price objective on shares of George Weston from C$222.00 to C$218.00 in a report on Wednesday, November 20th. BMO Capital Markets increased their target price on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$246.58.

George Weston Trading Down 0.1 %

WN opened at C$218.89 on Monday. The firm has a market capitalization of C$28.92 billion, a PE ratio of 24.65, a P/E/G ratio of 5.03 and a beta of 0.42. 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 fifty-two week low of C$155.49 and a fifty-two week high of C$236.30. The company’s 50-day moving average is C$223.70 and its 200 day moving average is C$210.80.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 4,400 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$226.89, for a total value of C$998,326.12. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total value of C$8,355,124.15. In the last quarter, insiders acquired 5,100 shares of company stock worth $109,809 and sold 54,115 shares worth $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.