George Weston Limited (TSE:WN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of George Weston Limited (TSE:WN) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$282.42.

WN has been the topic of several research analyst reports. CIBC lifted their price target on shares of George Weston from C$268.00 to C$296.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Royal Bank of Canada raised their price objective on George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. TD Securities lifted their target price on George Weston from C$256.00 to C$308.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Desjardins lifted their target price on George Weston from C$251.00 to C$300.00 in a research report on Friday, May 9th. Finally, Scotiabank lifted their target price on George Weston from C$241.00 to C$285.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th.

George Weston Trading Up 0.9%

Shares of TSE:WN opened at C$263.79 on Tuesday. George Weston has a 52 week low of C$186.22 and a 52 week high of C$273.19. The company’s 50 day moving average is C$250.55 and its two-hundred day moving average is C$234.55. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The company has a market cap of C$34.24 billion, a PE ratio of 52.80, a P/E/G ratio of 5.03 and a beta of 0.42.

Insiders Place Their Bets

In other George Weston news, Director Willard Galen Garfield Weston sold 57,463 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of C$231.03, for a total transaction of C$13,275,441.29. Also, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated 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. In the last three months, insiders have acquired 4,000 shares of company stock valued at $90,780 and have sold 107,461 shares valued at $25,908,316. 59.41% of the stock is currently owned by insiders.

About George Weston

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%.