George Weston (TSE:WN) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of George Weston (TSE:WN) from a hold rating to an outperform rating in a report released on Monday morning, Marketbeat reports. They currently have C$113.00 price objective on the stock, up from their previous price objective of C$103.00.

Other equities research analysts also recently issued reports about the stock. Canadian Imperial Bank of Commerce lowered their target price on shares of George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Scotia cut their price target on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$111.00.

George Weston Stock Performance

TSE WN opened at C$103.79 on Monday. The business’s 50-day moving average price is C$100.64 and its 200 day moving average price is C$98.75. George Weston has a twelve month low of C$82.77 and a twelve month high of C$106.99. The company has a market capitalization of C$39.13 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08.

George Weston (TSE:WN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The company had revenue of C$14.64 billion during the quarter. On average, research analysts predict that George Weston will post 13.0245758 earnings per share for the current year.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.