George Weston (TSE:WN) Given New C$212.00 Price Target at Scotiabank

George Weston (TSE:WN) had its price target boosted by stock analysts at Scotiabank from C$200.00 to C$212.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 13.17% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada upped 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 report on Thursday, February 29th. CIBC upped their target price 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. TD Securities increased their price objective on shares of George Weston from C$205.00 to C$215.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets increased their price objective on shares of George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and an average target price of C$208.50.

George Weston Price Performance

Shares of TSE WN opened at C$187.33 on Monday. The firm’s 50-day moving average price is C$181.00 and its 200-day moving average price is C$170.65. George Weston has a 1-year low of C$144.41 and a 1-year high of C$190.17. The firm has a market capitalization of C$25.18 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.70 and a beta of 0.38. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23.

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

Insider Activity

In related news, Senior Officer Andrew Michael Bunston sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total value of C$422,079.10. In related news, Director Willard Galen Garfield Weston sold 79,200 shares of the firm’s stock in a transaction that occurred 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 Andrew Michael Bunston sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$183.27, for a total transaction of C$422,079.10. Insiders sold 151,008 shares of company stock valued at $24,350,724 in the last three months. Company insiders own 58.21% of the company’s stock.

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.