Royal Bank of Canada Increases George Weston (TSE:WN) Price Target to C$253.00

George Weston (TSE:WN) had its target price raised by Royal Bank of Canada from C$230.00 to C$253.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Other research analysts have also issued reports about the company. Desjardins lifted their target price on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Securities lowered their price objective on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets increased their target price on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Scotiabank upgraded shares of George Weston to a “hold” rating in a research report on Wednesday, October 30th. Finally, CIBC upped their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$235.50.

George Weston Stock Performance

Shares of TSE WN opened at C$233.56 on Tuesday. George Weston has a 1 year low of C$155.00 and a 1 year high of C$236.30. The firm has a market cap of C$30.86 billion, a P/E ratio of 26.06, a PEG ratio of 5.03 and a beta of 0.42. The stock has a fifty day moving average price of C$223.38 and a two-hundred day moving average price of C$208.29. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.

Insider Activity at George Weston

In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total value of C$8,355,124.15. Also, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00. In the last 90 days, insiders bought 7,900 shares of company stock worth $170,948 and sold 54,265 shares worth $12,210,568. 59.41% of the stock is owned by insiders.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.