George Weston (TSE:WN) Given New C$172.00 Price Target at BMO Capital Markets

George Weston (TSE:WNGet Rating) had its target price hoisted by stock analysts at BMO Capital Markets from C$166.00 to C$172.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 3.75% from the stock’s previous close.

WN has been the subject of a number of other reports. TD Securities lifted their price target on shares of George Weston from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Friday, November 18th. Scotiabank boosted their target price on George Weston from C$168.00 to C$175.00 in a research report on Wednesday. Royal Bank of Canada raised their target price on George Weston from C$197.00 to C$203.00 and gave the company an “outperform” rating in a report on Friday, November 18th. Finally, CIBC lifted their price objective on shares of George Weston from C$193.00 to C$204.00 and gave the company an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, George Weston has a consensus rating of “Moderate Buy” and a consensus target price of C$189.00.

George Weston Stock Performance

TSE WN opened at C$165.79 on Wednesday. The stock has a market cap of C$24.00 billion and a PE ratio of 14.88. George Weston has a twelve month low of C$130.81 and a twelve month high of C$168.79. The stock has a fifty day simple moving average of C$149.17 and a 200-day simple moving average of C$151.29. The company has a current ratio of 1.38, a quick ratio of 0.78 and a debt-to-equity ratio of 150.48.

Insider Activity

In related news, Director Paviter Singh Binning sold 35,482 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of C$164.91, for a total value of C$5,851,435.97. Following the sale, the director now owns 78,593 shares of the company’s stock, valued at C$12,960,991.69. In other George Weston news, Senior Officer Rashid Wasti bought 1,200 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average price of C$22.70 per share, with a total value of C$27,240.00. Following the transaction, the insider now owns 1,200 shares of the company’s stock, valued at C$27,240. Also, Director Paviter Singh Binning sold 35,482 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of C$164.91, for a total value of C$5,851,435.97. Following the sale, the director now owns 78,593 shares of the company’s stock, valued at approximately C$12,960,991.69.

About George Weston

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George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.

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