George Weston Limited (OTCMKTS:WNGRF) Receives Average Recommendation of “Buy” from Brokerages

George Weston Limited (OTCMKTS:WNGRF) has earned an average rating of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $151.67.

A number of brokerages have recently issued reports on WNGRF. Scotiabank lifted their price target on George Weston from C$121.00 to C$134.00 and gave the company an “outperform” rating in a research report on Tuesday, August 3rd. TD Securities lifted their price target on George Weston from C$160.00 to C$170.00 and gave the company a “buy” rating in a research report on Monday, November 15th. Royal Bank of Canada lifted their price target on George Weston from C$154.00 to C$162.00 and gave the company an “outperform” rating in a research report on Friday, November 19th. BMO Capital Markets lifted their price target on George Weston from C$138.00 to C$150.00 and gave the company a “market perform” rating in a research report on Friday, November 19th. Finally, Desjardins reiterated a “buy” rating and set a C$141.00 price target (up previously from C$137.00) on shares of George Weston in a research report on Tuesday, August 3rd.

OTCMKTS WNGRF traded up $0.31 during trading hours on Thursday, hitting $110.36. The company had a trading volume of 201 shares, compared to its average volume of 1,178. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of 34.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.24 and a quick ratio of 0.75. The company’s 50 day moving average is $108.34. George Weston has a 52 week low of $72.82 and a 52 week high of $113.08.

About George Weston

George Weston Ltd. engages in the food processing and distribution of fresh and frozen baked goods. It operates through the following segments: Loblaw, Choice Properties, and Weston Foods. The Loblaw segment stands for Loblaw Companies Ltd., which engages in the retail of food and drugs and provision of financial services.

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Analyst Recommendations for George Weston (OTCMKTS:WNGRF)

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