George Weston (TSE:WN) Price Target Raised to C$296.00 at CIBC

George Weston (TSE:WN) had its price objective lifted by CIBC from C$268.00 to C$296.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on WN. Desjardins reduced their price objective 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. Scotiabank boosted their price target on shares of George Weston from C$241.00 to C$285.00 and gave the company a “sector perform” rating in a report on Wednesday. TD Securities increased their price objective on shares of George Weston from C$256.00 to C$308.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$274.25.

George Weston Stock Performance

Shares of WN stock opened at C$271.97 on Wednesday. The company has a market cap of C$35.30 billion, a P/E ratio of 54.44, a PEG ratio of 5.03 and a beta of 0.42. The business has a 50 day moving average of C$246.21 and a two-hundred day moving average of C$232.34. George Weston has a 52 week low of C$184.95 and a 52 week high of C$273.19. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50.

Insider Activity

In other news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston 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 1,500 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$235.60, for a total value of C$353,400.00. Over the last ninety days, insiders have acquired 4,000 shares of company stock valued at $90,780 and have sold 97,461 shares valued at $23,307,577. Corporate insiders own 59.41% of the company’s stock.

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%.