George Weston (TSE:WN) Price Target Raised to C$98.00

George Weston (TSE:WN) had its price target hoisted by equities researchers at BMO Capital Markets from C$95.00 to C$98.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 5.34% from the company’s current price.

Several other equities analysts also recently commented on the stock. TD Securities boosted their target price on shares of George Weston from C$105.00 to C$108.00 in a report on Thursday. Scotiabank boosted their price target on shares of George Weston from C$95.00 to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. Desjardins raised their price objective on George Weston from C$100.00 to C$101.67 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on George Weston from C$105.33 to C$107.67 in a report on Wednesday, July 30th. Finally, CIBC increased their price target on George Weston from C$100.00 to C$112.00 in a research note on Monday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$104.39.

George Weston Price Performance

WN traded up C$0.47 on Monday, hitting C$93.03. 127,820 shares of the company’s stock traded hands, compared to its average volume of 380,879. The company’s 50 day simple moving average is C$86.29 and its 200-day simple moving average is C$88.06. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. George Weston has a one year low of C$70.92 and a one year high of C$93.62. The firm has a market cap of C$35.81 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 5.03 and a beta of 0.47.

George Weston Company Profile

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%.