George Weston (TSE:WN) Price Target Raised to C$212.00

George Weston (TSE:WN) had its target price boosted by equities research analysts at Desjardins from C$205.00 to C$212.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Desjardins’ target price indicates a potential upside of 10.62% from the stock’s previous close.

Several other analysts have also recently weighed in on WN. TD Securities upped their price objective on shares of George Weston from C$226.00 to C$227.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets boosted their price objective on George Weston from C$172.00 to C$185.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Scotiabank lifted their price target on George Weston from C$200.00 to C$212.00 and gave the company a “sector perform” rating in a report on Monday. CIBC increased their price objective on shares of George Weston from C$213.00 to C$222.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada boosted their target price on shares of George Weston from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$216.67.

George Weston Price Performance

Shares of WN stock traded up C$4.32 during trading hours on Wednesday, hitting C$191.65. The company had a trading volume of 91,281 shares, compared to its average volume of 108,449. George Weston has a 12 month low of C$144.41 and a 12 month high of C$194.02. The company has a debt-to-equity ratio of 158.23, a quick ratio of 0.73 and a current ratio of 1.24. The firm’s fifty day moving average is C$181.00 and its 200 day moving average is C$170.65. The firm has a market capitalization of C$25.76 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.70 and a beta of 0.38.

George Weston (TSE:WN) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 earnings per share (EPS) for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The firm had revenue of C$14.70 billion during the quarter. On average, sell-side analysts predict that George Weston will post 11.8758003 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$181.41, for a total transaction of C$1,814,055.00. In related news, Director Willard Galen Garfield Weston sold 79,200 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$144.88, for a total value of C$11,474,503.92. Also, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$181.41, for a total transaction of C$1,814,055.00. Insiders have sold 151,008 shares of company stock valued at $24,350,724 in the last 90 days. 58.21% of the stock is owned by insiders.

George Weston Company Profile

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