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

George Weston Limited (TSE:WN) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two 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 brokerages that have issued ratings on the stock in the last year is C$246.58.

WN has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. BMO Capital Markets raised their price objective on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. TD Securities increased their target price on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. CIBC raised their price target on shares of George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th. Finally, Scotiabank cut their price objective on George Weston from C$222.00 to C$218.00 in a research report on Wednesday, November 20th.

Insider Buying and Selling at George Weston

In related news, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s 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. In the last three months, insiders have bought 5,100 shares of company stock valued at $109,809 and have sold 54,115 shares valued at $12,177,793. Insiders own 59.41% of the company’s stock.

George Weston Price Performance

Shares of WN opened at C$218.18 on Tuesday. The firm has a 50-day simple moving average of C$223.58 and a two-hundred day simple moving average of C$211.01. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. George Weston has a 1-year low of C$155.49 and a 1-year high of C$236.30. The stock has a market cap of C$28.83 billion, a PE ratio of 24.57, a P/E/G ratio of 5.03 and a beta of 0.42.

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.