George Weston Limited (WN) Price Target Raised to C$144.00
George Weston Limited (TSE:WN) had its target price boosted by research analysts at Royal Bank Of Canada from C$140.00 to C$144.00 in a report issued on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 32.87% from the company’s current price.
WN has been the subject of several other research reports. RBC Capital Markets upped their price target on shares of George Weston Limited from C$135.00 to C$139.00 in a research report on Thursday, July 28th. Scotiabank reaffirmed an “outperform” rating and issued a C$122.00 price target on shares of George Weston Limited in a research report on Friday, July 29th. CIBC upped their price target on shares of George Weston Limited from C$120.00 to C$122.00 in a research report on Tuesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$115.00 price target on shares of George Weston Limited in a research report on Wednesday, November 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$128.17.
George Weston Limited (TSE:WN) traded down 0.50% during midday trading on Friday, reaching $107.84. 46,834 shares of the company’s stock were exchanged. George Weston Limited has a 12-month low of $99.25 and a 12-month high of $120.10. The stock’s 50-day moving average is $107.31 and its 200-day moving average is $111.74. The stock has a market capitalization of $13.76 billion and a price-to-earnings ratio of 30.60.
About George Weston Limited
George Weston Ltd is a holding company that is engaged in food processing and distribution business. It operates through two segments: Weston Foods and Loblaw, and holds cash, short term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment, which is operated by Loblaw Companies Limited includes retail businesses, a bank and Choice Properties.
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