George Weston Limited (TSE:WN) Receives C$229.67 Consensus Target Price from Analysts

Shares of George Weston Limited (TSE:WN) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$229.67.

Several equities research analysts have weighed in on WN shares. CIBC increased their price target on shares of George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Desjardins upped their price target on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Scotiabank lifted their price objective on George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. BMO Capital Markets boosted their target price on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Finally, TD Securities dropped their price target on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research note on Monday, July 22nd.

George Weston Stock Performance

TSE:WN opened at C$218.74 on Friday. The company has a debt-to-equity ratio of 159.31, a quick ratio of 0.73 and a current ratio of 1.25. George Weston has a fifty-two week low of C$144.41 and a fifty-two week high of C$219.28. The firm has a market cap of C$29.26 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38. The business has a 50 day moving average price of C$203.68 and a 200-day moving average price of C$189.51.

George Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, September 13th. George Weston’s dividend payout ratio is currently 34.64%.

Insider Activity

In other news, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00. In related news, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00. Also, Director Willard Galen Garfield Weston sold 154 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$207.04, for a total transaction of C$31,884.16. Insiders sold a total of 14,911 shares of company stock worth $2,990,208 in the last quarter. 58.49% of the stock is owned by company insiders.

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.