George Weston (TSE:WN) PT Raised to C$235.00 at CIBC

George Weston (TSE:WN) had its price target hoisted by research analysts at CIBC from C$222.00 to C$235.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 24.35% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Scotiabank boosted their target price on George Weston from C$200.00 to C$212.00 and gave the company a “sector perform” rating in a research note on Monday. Royal Bank of Canada upped their price target on 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. BMO Capital Markets boosted their price objective on George Weston from C$185.00 to C$196.00 in a research note on Wednesday. TD Securities upped their price target on shares of George Weston from C$226.00 to C$227.00 and gave the stock a “buy” rating in a report on Monday. Finally, Desjardins raised their price target on George Weston from C$205.00 to C$212.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, George Weston has a consensus rating of “Moderate Buy” and an average price target of C$216.67.

George Weston Stock Down 0.8 %

Shares of WN opened at C$188.98 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23. The stock has a market capitalization of C$25.40 billion, a PE ratio of 17.56, a P/E/G ratio of 1.70 and a beta of 0.38. George Weston has a 12 month low of C$144.41 and a 12 month high of C$194.02. The firm’s 50 day moving average is C$181.46 and its 200-day moving average is C$170.91.

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

Insider Activity

In other George Weston news, Senior Officer Andrew Michael Bunston sold 2,303 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total transaction of C$422,079.10. In other news, Senior Officer Andrew Michael Bunston sold 2,303 shares of George Weston stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$183.27, for a total value of C$422,079.10. Also, Senior Officer Rashid Wasti sold 1,086 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$176.24, for a total value of C$191,393.60. Insiders sold a total of 151,008 shares of company stock valued at $24,350,724 in the last three months. 58.21% of the stock is currently owned by corporate 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.