Desjardins Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its price objective lifted by equities researchers at Desjardins from C$232.00 to C$255.00 in a report released on Wednesday,BayStreet.CA reports. Desjardins’ target price would suggest a potential upside of 18.13% from the company’s previous close.

Several other brokerages have also weighed in on WN. CIBC upped their price objective on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Securities upped their price objective on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada upped their price objective on George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. BMO Capital Markets upped their price objective on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, Scotiabank cut their price objective on George Weston from C$222.00 to C$218.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$246.58.

George Weston Stock Performance

WN stock traded up C$0.76 during trading 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 quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. George Weston has a 1-year low of C$155.00 and a 1-year high of C$236.30. The company’s fifty day moving average price is C$223.87 and its 200-day moving average price is C$210.07. The firm has a market cap of C$28.52 billion, a PE 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 George Weston news, Senior Officer Rashid Wasti purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of C$21.72 per share, with a total value of C$32,580.00. Also, Senior Officer Richard Dufresne sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$218.51, for a total value of C$1,092,546.00. Over the last three months, insiders have purchased 7,600 shares of company stock valued at $164,279 and have sold 54,115 shares valued at $12,177,793. 59.41% of the stock is owned by 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.