Brokerages Set George Weston Limited (TSE:WN) PT at C$254.75

George Weston Limited (TSE:WN) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$254.75.

Several research analysts have issued reports on WN shares. Royal Bank of Canada increased their price target on George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. Desjardins dropped their target price on George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Scotiabank cut George Weston from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$240.00 to C$241.00 in a research report on Thursday, February 27th. Finally, CIBC lowered their price target on George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th.

George Weston Price Performance

Shares of TSE WN opened at C$263.34 on Friday. The company has a market capitalization of C$34.18 billion, a PE ratio of 52.71, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. George Weston has a twelve month low of C$178.87 and a twelve month high of C$263.60. The firm has a fifty day simple moving average of C$237.41 and a 200 day simple moving average of C$229.04.

Insider Transactions at George Weston

In related news, Senior Officer Richard Dufresne sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 250 shares of George Weston stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$231.30, for a total transaction of C$57,825.00. In the last quarter, insiders purchased 4,000 shares of company stock worth $90,780 and sold 77,461 shares worth $17,949,441. 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%.