George Weston (TSE:WN) Downgraded to Sector Perform Rating by Scotiabank

Scotiabank downgraded shares of George Weston (TSE:WN) from an outperform rating to a sector perform rating in a report published on Thursday,BayStreet.CA reports. They currently have C$241.00 price target on the stock, up from their prior price target of C$240.00.

Several other equities analysts have also recently issued reports on the company. TD Securities lifted their price target on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Royal Bank of Canada lifted their target price on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. BMO Capital Markets upped their price target on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Desjardins lifted their price objective on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. Finally, CIBC boosted their target price on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, George Weston currently has an average rating of “Moderate Buy” and a consensus price target of C$251.42.

George Weston Trading Down 2.8 %

George Weston stock opened at C$227.85 on Thursday. George Weston has a 12-month low of C$174.30 and a 12-month high of C$239.79. The stock has a market capitalization of C$29.58 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The firm has a 50 day simple moving average of C$223.36 and a 200-day simple moving average of C$223.33. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73.

Insider Buying and Selling

In related news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. 59.41% of the stock is currently owned by company insiders.

George Weston Company Profile

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%.