Royal Bank of Canada Has Lowered Expectations for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its price objective dropped by investment analysts at Royal Bank of Canada from C$266.00 to C$264.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 14.08% from the stock’s current price.

WN has been the subject of a number of other research reports. Desjardins upped their price target on George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. BMO Capital Markets upped their price target on George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. CIBC decreased their price target on George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities upped their price target on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Scotiabank cut George Weston from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$240.00 to C$241.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$251.42.

George Weston Stock Up 1.6 %

Shares of TSE:WN opened at C$231.42 on Thursday. The stock has a market capitalization of C$30.04 billion, a P/E ratio of 46.32, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a 1 year low of C$174.30 and a 1 year high of C$239.79. The stock has a 50-day simple moving average of C$223.45 and a 200-day simple moving average of C$223.50. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32.

Insider Activity

In related news, Senior Officer Rashid Wasti sold 150 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. In the last three months, insiders sold 20,400 shares of company stock worth $4,650,687. 59.41% of the stock is currently owned by insiders.

About George Weston

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%.