George Weston (TSE:WN) PT Lowered to C$242.00 at TD Securities

George Weston (TSE:WN) had its target price reduced by equities research analysts at TD Securities from C$246.00 to C$242.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 14.29% from the company’s previous close.

WN has been the subject of several other reports. CIBC lifted their price objective on George Weston from C$222.00 to C$235.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Desjardins boosted their target price on George Weston from C$205.00 to C$212.00 in a research report on Wednesday, May 8th. BMO Capital Markets boosted their target price on George Weston from C$185.00 to C$196.00 in a research report on Wednesday, May 8th. Finally, Scotiabank boosted their target price 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, May 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$219.17.

George Weston Trading Up 0.4 %

WN traded up C$0.85 during midday trading on Monday, hitting C$211.75. 20,668 shares of the company were exchanged, compared to its average volume of 125,068. The firm has a market capitalization of C$28.32 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.70 and a beta of 0.38. George Weston has a 1-year low of C$144.41 and a 1-year high of C$212.15. The firm’s 50 day moving average price is C$196.59 and its 200-day moving average price is C$184.13. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 159.31.

George Weston (TSE:WN) last announced its earnings results on Tuesday, May 7th. The company reported C$2.30 EPS for the quarter. The firm had revenue of C$13.74 billion for the quarter. George Weston had a return on equity of 18.50% and a net margin of 2.22%. As a group, equities analysts forecast that George Weston will post 12.1466667 EPS for the current fiscal year.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$190.49, for a total value of C$1,904,880.00. In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$190.49, for a total value of C$1,904,880.00. Also, Senior Officer Rashid Wasti sold 1,307 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$193.25, for a total transaction of C$252,577.75. Insiders sold a total of 26,307 shares of company stock worth $5,071,972 over the last three months. Company insiders own 58.49% of the company’s stock.

About George Weston

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.