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

George Weston (TSE:WN) had its target price upped by analysts at TD Securities from C$108.00 to C$121.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 20.85% from the stock’s current price.

WN has been the topic of several other research reports. Desjardins increased their price objective on shares of George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. Canadian Imperial Bank of Commerce increased their price target on shares of George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Royal Bank Of Canada boosted their price objective on shares of George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, BMO Capital Markets upped their price objective on George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$109.17.

George Weston Stock Performance

WN stock opened at C$100.12 on Friday. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. George Weston has a 1 year low of C$75.11 and a 1 year high of C$104.50. The company has a market cap of C$38.28 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 5.03 and a beta of 0.48. The stock’s fifty day moving average price is C$97.77 and its 200-day moving average price is C$92.17.

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.