George Weston (TSE:WN) Stock Price Expected to Rise, CIBC Analyst Says

George Weston (TSE:WN) had its price objective lifted by equities researchers at CIBC from C$254.00 to C$269.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 24.62% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Scotiabank cut their target price on shares of George Weston from C$222.00 to C$218.00 in a research note on Wednesday. TD Securities raised their target price on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada raised their target price on shares of George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. Desjardins raised their target price on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$246.58.

George Weston Stock Up 0.4 %

Shares of George Weston stock traded up C$0.76 during trading hours on Wednesday, reaching C$215.86. 64,033 shares of the company’s stock were exchanged, compared to its average volume of 127,528. The company has a 50 day moving average of C$223.87 and a two-hundred day moving average of C$210.07. George Weston has a fifty-two week low of C$155.00 and a fifty-two week high of C$236.30. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. The stock has a market cap of C$28.52 billion, a P/E ratio of 24.31, a P/E/G ratio of 5.03 and a beta of 0.42.

Insider Transactions at George Weston

In other news, Senior Officer Richard Dufresne sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$218.89, for a total transaction of C$591,000.03. Also, Senior Officer Rashid Wasti bought 2,000 shares of the stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of C$21.67 per share, for a total transaction of C$43,340.00. Over the last ninety days, insiders have acquired 7,600 shares of company stock valued at $164,279 and have sold 54,115 shares valued at $12,177,793. Insiders own 59.41% 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.