Analysts Set George Weston Limited (TSE:WN) Price Target at C$282.42

George Weston Limited (TSE:WN) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$282.42.

A number of brokerages have issued reports on WN. Desjardins lifted their price objective on George Weston from C$251.00 to C$300.00 in a research note on Friday, May 9th. Royal Bank of Canada lifted their price objective on George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. CIBC lifted their target price on George Weston from C$268.00 to C$296.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Scotiabank lifted their target price on George Weston from C$241.00 to C$285.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Finally, TD Securities lifted their target price on George Weston from C$256.00 to C$308.00 and gave the stock a “buy” rating in a report on Friday, May 2nd.

Insider Transactions at George Weston

In related news, Senior Officer Andrew Michael Bunston sold 2,151 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$277.71, for a total value of C$597,360.23. Also, Senior Officer Richard Dufresne sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of C$267.91, for a total value of C$5,358,136.00. Insiders sold a total of 48,980 shares of company stock valued at $13,059,495 over the last 90 days. Company insiders own 59.41% of the company’s stock.

George Weston Trading Down 0.5%

WN opened at C$267.61 on Friday. The stock has a market cap of C$34.74 billion, a PE ratio of 53.57, a PEG ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The business has a 50 day moving average of C$262.84 and a 200-day moving average of C$240.45. George Weston has a 52 week low of C$186.22 and a 52 week high of C$280.86.

About George Weston

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%.