Royal Bank of Canada Lowers George Weston (TSE:WN) Price Target to C$264.00

George Weston (TSE:WN) had its price objective decreased by Royal Bank of Canada from C$266.00 to C$264.00 in a research report report published on Thursday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets increased their target price on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. Desjardins increased their price objective on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. TD Securities boosted their target price on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday, November 18th. CIBC cut their price target on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Scotiabank lowered George Weston from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$240.00 to C$241.00 in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$251.42.

George Weston Trading Down 2.8 %

Shares of WN stock opened at C$227.85 on Thursday. George Weston has a 1-year low of C$174.30 and a 1-year high of C$239.79. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The stock has a market cap of C$29.58 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 5.03 and a beta of 0.42. The stock has a 50-day moving average of C$223.36 and a 200-day moving average of C$223.33.

Insider Buying and Selling

In other news, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$224.95, for a total value of C$2,249,513.00. 59.41% of the stock is owned by insiders.

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%.