CIBC Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its price objective increased by CIBC from C$100.00 to C$112.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

A number of other analysts also recently commented on the stock. TD Securities boosted their target price on shares of George Weston from C$105.00 to C$108.00 in a report on Thursday, November 13th. Royal Bank Of Canada lifted their price target on shares of George Weston from C$105.33 to C$107.67 in a research report on Wednesday, July 30th. Desjardins upped their price target on George Weston from C$100.00 to C$101.67 and gave the company a “buy” rating in a report on Wednesday, July 30th. Scotiabank increased their price objective on George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets raised their price objective on George Weston from C$90.33 to C$94.67 in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, George Weston presently has an average rating of “Moderate Buy” and an average target price of C$104.39.

George Weston Price Performance

Shares of George Weston stock opened at C$93.56 on Monday. George Weston has a 52 week low of C$70.92 and a 52 week high of C$93.62. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The stock has a market cap of C$36.02 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 5.03 and a beta of 0.47. The company’s 50-day moving average price is C$86.39 and its two-hundred day moving average price is C$88.09.

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%.