George Weston Limited (TSE:WN) Receives Average Rating of “Moderate Buy” from Analysts

George Weston Limited (TSE:WN) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$111.00.

A number of equities analysts have commented on the stock. BMO Capital Markets upgraded shares of George Weston from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$103.00 to C$113.00 in a report on Monday. Canadian Imperial Bank of Commerce cut their price objective on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, Scotia reduced their price objective on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 13th.

George Weston Stock Performance

Shares of WN traded up C$0.97 during trading hours on Monday, hitting C$104.84. The stock had a trading volume of 145,930 shares, compared to its average volume of 343,733. George Weston has a 12 month low of C$82.77 and a 12 month high of C$106.99. The stock has a fifty day moving average price of C$100.09 and a 200 day moving average price of C$98.55. The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. The firm has a market capitalization of C$39.53 billion, a PE ratio of 36.66, a PEG ratio of 5.03 and a beta of 0.31.

George Weston (TSE:WN) last released its earnings results on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. The company had revenue of C$14.64 billion for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. Analysts anticipate that George Weston will post 13.0245758 EPS for the current year.

George Weston Company Profile

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.