George Weston (TSE:WN) Stock Price Expected to Rise, TD Securities Analyst Says

George Weston (TSE:WN) had its target price hoisted by research analysts at TD Securities from C$256.00 to C$308.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 15.45% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Scotiabank cut shares of George Weston from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Desjardins cut their target price on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. CIBC reduced their target price on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Royal Bank of Canada lifted their price target on George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, George Weston currently has a consensus rating of “Moderate Buy” and a consensus price target of C$262.25.

George Weston Stock Up 0.2 %

Shares of TSE WN opened at C$266.78 on Friday. The business has a 50-day simple moving average of C$243.90 and a two-hundred day simple moving average of C$231.31. George Weston has a 52 week low of C$184.73 and a 52 week high of C$269.99. The company has a market cap of C$34.63 billion, a P/E ratio of 53.40, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50.

Insiders Place Their Bets

In other news, Senior Officer Rashid Wasti sold 750 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$239.90, for a total value of C$179,925.00. Also, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. In the last ninety days, insiders have purchased 4,000 shares of company stock valued at $90,780 and have sold 77,461 shares valued at $17,949,441. Insiders own 59.41% of the company’s stock.

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%.