George Weston (TSE:WN – Get Rating) had its price objective upped by investment analysts at Desjardins from C$189.00 to C$192.00 in a research note issued on Thursday, BayStreet.CA reports. Desjardins’ price objective indicates a potential upside of 14.93% from the stock’s previous close. Desjardins also issued estimates for George Weston’s FY2024 earnings at $12.68 EPS.
A number of other equities analysts have also recently issued reports on the company. Scotiabank lifted their target price on George Weston from C$175.00 to C$181.00 in a report on Thursday. TD Securities lifted their price target on George Weston from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Monday, February 27th. Royal Bank of Canada boosted their target price on George Weston from C$204.00 to C$215.00 and gave the company an “outperform” rating in a research note on Tuesday. CIBC boosted their target price on George Weston from C$193.00 to C$204.00 and gave the company an “outperform” rating in a research note on Wednesday, November 23rd. Finally, BMO Capital Markets boosted their price target on George Weston from C$166.00 to C$172.00 in a research report on Wednesday, November 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$196.33.
George Weston Stock Down 0.6 %
Shares of George Weston stock opened at C$167.06 on Thursday. The business’s fifty day moving average price is C$170.55 and its two-hundred day moving average price is C$160.98. The company has a debt-to-equity ratio of 148.91, a current ratio of 1.37 and a quick ratio of 0.73. The company has a market capitalization of C$23.78 billion, a P/E ratio of 10.65, a PEG ratio of 3.08 and a beta of 0.39. George Weston has a 1-year low of C$138.77 and a 1-year high of C$181.45.
About George Weston
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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