George Weston (TSE:WN) Rating Increased to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of George Weston (TSE:WN) from a market perform rating to an outperform rating in a report published on Monday,BayStreet.CA reports. BMO Capital Markets currently has C$113.00 price target on the stock, up from their prior price target of C$103.00.

Several other analysts have also commented on the stock. Scotia dropped their price target on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce decreased their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$111.00.

George Weston Trading Up 0.9%

George Weston stock opened at C$104.77 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08. George Weston has a 12 month low of C$82.77 and a 12 month high of C$106.99. The stock’s 50 day simple moving average is C$100.30 and its two-hundred day simple moving average is C$98.62. The firm has a market cap of C$39.50 billion, a PE ratio of 36.63, a P/E/G ratio of 5.03 and a beta of 0.31.

George Weston (TSE:WN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. The business had revenue of C$14.64 billion for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. Analysts anticipate that George Weston will post 13.0245758 earnings per share for the current 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.