George Weston Limited (TSE:WN) Given Average Rating of “Moderate Buy” by Analysts

George Weston Limited (TSE:WN) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$251.42.

A number of equities research analysts have recently issued reports on WN shares. Desjardins dropped their price target on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. TD Securities boosted their price target on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday, November 18th. BMO Capital Markets lifted their target price on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. CIBC reduced their price objective on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Scotiabank downgraded shares of George Weston from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$240.00 to C$241.00 in a research report on Thursday, February 27th.

Insider Activity

In related news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Also, 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 transaction of C$35,317.50. Over the last three months, insiders sold 10,400 shares of company stock valued at $2,401,174. Insiders own 59.41% of the company’s stock.

George Weston Trading Up 0.1 %

Shares of George Weston stock opened at C$231.59 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. George Weston has a twelve month low of C$174.30 and a twelve month high of C$239.79. The firm has a market capitalization of C$30.06 billion, a PE ratio of 46.36, a P/E/G ratio of 5.03 and a beta of 0.42. The firm’s 50-day moving average price is C$223.51 and its 200 day moving average price is C$223.67.

George Weston Company Profile

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%.