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

Shares of George Weston Limited (TSE:WN) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$229.67.

Several equities research analysts recently issued reports on WN shares. CIBC lifted their price objective on shares of George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. TD Securities cut their target price on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Desjardins boosted their target price on shares of George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets boosted their target price on shares of George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st.

Insider Activity at George Weston

In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction dated 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 company’s stock in a transaction dated 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. Also, Senior Officer Rashid Wasti acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of C$21.34 per share, for a total transaction of C$32,010.00. Over the last quarter, insiders have acquired 9,400 shares of company stock valued at $202,958 and have sold 54,419 shares valued at $12,242,452. 59.41% of the stock is currently owned by insiders.

George Weston Trading Down 1.6 %

George Weston stock opened at C$220.85 on Friday. The company’s fifty day simple moving average is C$222.00 and its 200-day simple moving average is C$205.75. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. George Weston has a 12 month low of C$148.43 and a 12 month high of C$229.22. The stock has a market cap of C$29.18 billion, a P/E ratio of 24.87, a P/E/G ratio of 5.03 and a beta of 0.42.

George Weston (TSE:WN) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$2.93 EPS for the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. The business had revenue of C$14.09 billion for the quarter. As a group, sell-side analysts forecast that George Weston will post 13.0245758 EPS for the current fiscal year.

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.