Royal Bank Of Canada Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its price target upped by Royal Bank Of Canada from C$109.00 to C$115.00 in a research report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also issued reports on WN. TD Securities increased their price target on George Weston from C$105.00 to C$108.00 in a report on Thursday, November 13th. BMO Capital Markets increased their target price on George Weston from C$95.00 to C$98.00 in a report on Monday, November 17th. CIBC lifted their price target on shares of George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Finally, Desjardins upped their price objective on shares of George Weston from C$103.00 to C$110.00 in a report on Friday, December 19th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, George Weston has a consensus rating of “Moderate Buy” and a consensus target price of C$107.00.

George Weston Stock Up 0.7%

Shares of TSE WN opened at C$97.60 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The firm has a market cap of C$37.31 billion, a PE ratio of 26.05, a P/E/G ratio of 5.03 and a beta of 0.45. The company’s fifty day simple moving average is C$95.30 and its 200 day simple moving average is C$90.07. George Weston has a 12-month low of C$71.56 and a 12-month high of C$98.17.

George Weston (TSE:WN) last announced its quarterly earnings data on Friday, November 14th. The company reported C$1.37 earnings per share for the quarter. The firm had revenue of C$19.55 billion for the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. As a group, sell-side analysts forecast that George Weston will post 13.0245758 earnings per share for the current fiscal year.

George Weston Company Profile

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.