CIBC Has Lowered Expectations for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its target price decreased by equities researchers at CIBC from C$269.00 to C$268.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 16.52% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Scotiabank downgraded shares of George Weston from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$240.00 to C$241.00 in a research note on Thursday. TD Securities lifted their price target on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday, November 18th. BMO Capital Markets upped their price objective on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Desjardins lifted their target price on George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada increased their price target on shares of George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$251.42.

George Weston Stock Down 1.9 %

TSE:WN traded down C$4.47 during mid-day trading on Thursday, reaching C$230.00. The company’s stock had a trading volume of 92,209 shares, compared to its average volume of 120,434. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. George Weston has a 1 year low of C$174.30 and a 1 year high of C$239.79. The stock has a fifty day moving average of C$223.34 and a 200-day moving average of C$223.17. The firm has a market capitalization of C$29.86 billion, a PE ratio of 46.04, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Transactions at George Weston

In related news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total transaction of C$35,317.50. Insiders own 59.41% of the company’s stock.

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%.