George Weston Limited (TSE:WN) Receives C$229.67 Average PT from Brokerages

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

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

George Weston Price Performance

Shares of TSE WN opened at C$224.24 on Thursday. The firm has a market capitalization of C$29.63 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.70 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. The stock’s 50-day simple moving average is C$213.60 and its two-hundred day simple moving average is C$195.87. George Weston has a twelve month low of C$144.41 and a twelve month high of C$224.44.

George Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be paid a $0.82 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.46%. George Weston’s dividend payout ratio (DPR) is 36.94%.

Insider Activity at George Weston

In other news, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total value of C$33,376.50. In other news, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$222.51, for a total value of C$33,376.50. Also, Director Willard Galen Garfield Weston sold 154 shares of George Weston stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$207.04, for a total transaction of C$31,884.16. In the last 90 days, insiders have acquired 6,300 shares of company stock valued at $136,049 and have sold 16,454 shares valued at $3,598,502. 59.12% of the stock is owned by insiders.

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.