George Weston (TSE:WN) Given New C$117.00 Price Target at Canadian Imperial Bank of Commerce

George Weston (TSE:WN) had its target price lowered by stock analysts at Canadian Imperial Bank of Commerce from C$127.00 to C$117.00 in a research report issued on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 25.42% from the company’s current price.

Several other brokerages also recently commented on WN. TD Securities increased their price objective on shares of George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Royal Bank Of Canada raised their price target on shares of George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$108.86.

George Weston Stock Down 3.5%

WN stock traded down C$3.38 during trading on Wednesday, hitting C$93.29. 198,533 shares of the stock traded hands, compared to its average volume of 342,675. George Weston has a 1 year low of C$82.77 and a 1 year high of C$104.50. The firm’s 50 day moving average is C$97.16 and its two-hundred day moving average is C$95.86. The stock has a market cap of C$35.22 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 5.03 and a beta of 0.54. The company has a debt-to-equity ratio of 370.81, a current ratio of 1.10 and a quick ratio of 0.73.

George Weston (TSE:WN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. George Weston had a net margin of 1.90% and a return on equity of 21.94%. The company had revenue of C$14.64 billion for the quarter. On average, sell-side analysts anticipate that George Weston will post 13.0245758 EPS for the current year.

Insider Transactions at George Weston

In related news, insider Richard Dufresne sold 6,825 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of C$95.07, for a total value of C$648,852.75. Following the transaction, the insider owned 19,911 shares of the company’s stock, valued at approximately C$1,892,938.77. This trade represents a 25.53% decrease in their ownership of the stock. Also, Director Willard Galen Garfield Weston sold 21,729 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of C$95.07, for a total transaction of C$2,065,776.03. Following the completion of the transaction, the director directly owned 85,584 shares in the company, valued at approximately C$8,136,470.88. The trade was a 20.25% decrease in their position. Company insiders own 59.41% of the company’s stock.

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%. 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.