Desjardins Raises George Weston (TSE:WN) Price Target to C$212.00

George Weston (TSE:WN) had its target price raised by research analysts at Desjardins from C$205.00 to C$212.00 in a report issued on Wednesday, BayStreet.CA reports. Desjardins’ target price would indicate a potential upside of 10.62% from the company’s current price.

Other analysts have also issued research reports about the company. TD Securities increased their price objective on George Weston from C$226.00 to C$227.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of George Weston from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. CIBC boosted their price objective on shares of George Weston from C$213.00 to C$222.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. BMO Capital Markets raised their target price on George Weston from C$172.00 to C$185.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, Scotiabank upped their price target on George Weston from C$200.00 to C$212.00 and gave the company a “sector perform” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, George Weston currently has an average rating of “Moderate Buy” and a consensus target price of C$216.67.

George Weston Trading Up 2.3 %

Shares of WN stock traded up C$4.32 on Wednesday, hitting C$191.65. 91,281 shares of the company’s stock traded hands, compared to its average volume of 108,449. The stock has a market capitalization of C$25.76 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.70 and a beta of 0.38. The company’s fifty day simple moving average is C$181.00 and its 200 day simple moving average is C$170.65. George Weston has a one year low of C$144.41 and a one year high of C$194.02. The company has a debt-to-equity ratio of 158.23, a quick ratio of 0.73 and a current ratio of 1.24.

George Weston (TSE:WN) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. The firm had revenue of C$14.70 billion for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. Equities analysts forecast that George Weston will post 11.8758003 EPS for the current year.

Insider Buying and Selling at George Weston

In other news, Director Willard Galen Garfield Weston sold 79,200 shares of George Weston stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total value of C$11,474,503.92. In other news, Director Willard Galen Garfield Weston sold 79,200 shares of George Weston stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$144.88, for a total value of C$11,474,503.92. Also, Senior Officer Rashid Wasti sold 1,086 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$176.24, for a total transaction of C$191,393.60. Over the last 90 days, insiders sold 151,008 shares of company stock valued at $24,350,724. 58.21% of the stock is currently owned by company insiders.

George Weston Company Profile

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.