George Weston Limited (TSE:WN) Receives C$111.00 Average PT from Analysts

George Weston Limited (TSE:WN) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$111.00.

WN has been the subject of several research analyst reports. Scotia dropped their price objective on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce decreased their price objective on George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, BMO Capital Markets raised George Weston from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$103.00 to C$113.00 in a research note on Monday.

George Weston Stock Up 0.2%

Shares of TSE:WN opened at C$103.79 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 411.08. The firm has a market cap of C$39.13 billion, a P/E ratio of 36.29, a P/E/G ratio of 5.03 and a beta of 0.31. George Weston has a 12 month low of C$82.77 and a 12 month high of C$106.99. The company’s 50-day moving average price is C$100.64 and its two-hundred day moving average price is C$98.75.

George Weston (TSE:WN) last announced its earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. The company had revenue of C$14.64 billion during the quarter. As a group, research analysts forecast that George Weston will post 13.0245758 EPS for the current fiscal year.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.