George Weston Limited (TSE:WN) Receives Average Rating of “Moderate Buy” from Brokerages

George Weston Limited (TSE:WN) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$248.75.

WN has been the topic of a number of research analyst reports. Desjardins upped their target price on George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. Scotiabank reduced their price target on George Weston from C$222.00 to C$218.00 in a research note on Wednesday, November 20th. Royal Bank of Canada raised their price objective on George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. CIBC boosted their target price on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Finally, TD Securities increased their price target on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

Insider Transactions at George Weston

In other news, Senior Officer Rashid Wasti sold 150 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total value of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Over the last three months, insiders have purchased 5,100 shares of company stock valued at $109,809 and have sold 52,015 shares valued at $11,748,544. Insiders own 59.41% of the company’s stock.

George Weston Trading Down 1.3 %

Shares of WN opened at C$234.90 on Friday. George Weston has a 1-year low of C$155.49 and a 1-year high of C$239.79. The firm has a market capitalization of C$31.04 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 5.03 and a beta of 0.42. The firm’s 50-day moving average price is C$225.24 and its 200-day moving average price is C$214.66. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94.

George Weston Company Profile

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.