George Weston (TSE:WN) Given New C$269.00 Price Target at CIBC

George Weston (TSE:WN) had its target price upped by investment analysts at CIBC from C$254.00 to C$269.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 24.62% from the stock’s current price.

Several other analysts have also recently commented on WN. Scotiabank dropped their target price on shares of George Weston from C$222.00 to C$218.00 in a research report on Wednesday. Desjardins upped their target price on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday. BMO Capital Markets upped 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 report on Wednesday, July 31st. Royal Bank of Canada upped their target price on shares of George Weston from C$230.00 to C$253.00 in a research report on Tuesday, November 12th. Finally, TD Securities upped their price objective on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$246.58.

George Weston Trading Up 0.4 %

Shares of George Weston stock traded up C$0.76 on Wednesday, hitting C$215.86. 64,033 shares of the company’s stock traded hands, compared to its average volume of 127,528. The firm’s 50-day moving average price is C$223.87 and its two-hundred day moving average price is C$210.07. The stock has a market capitalization of C$28.52 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. George Weston has a one year low of C$155.00 and a one year high of C$236.30. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73.

Insiders Place Their Bets

In other George Weston news, Senior Officer Richard Dufresne sold 4,400 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$226.89, for a total transaction of C$998,326.12. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. In the last 90 days, insiders bought 7,600 shares of company stock worth $164,279 and sold 54,115 shares worth $12,177,793. Corporate insiders own 59.41% of the company’s stock.

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.