George Weston Limited (TSE:WN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of George Weston Limited (TSE:WN) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$251.42.

A number of brokerages recently weighed in on WN. Royal Bank of Canada lowered their target price on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Scotiabank downgraded shares of George Weston from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$240.00 to C$241.00 in a research report on Thursday, February 27th. Desjardins dropped their target price on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, CIBC cut their target price on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 250 shares of George Weston stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$231.30, for a total value of C$57,825.00. Over the last ninety days, insiders have purchased 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. Corporate insiders own 59.41% of the company’s stock.

George Weston Stock Up 0.5 %

TSE:WN opened at C$239.98 on Monday. George Weston has a twelve month low of C$174.30 and a twelve month high of C$241.48. The firm has a market capitalization of C$31.15 billion, a price-to-earnings ratio of 48.03, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The stock’s 50 day moving average price is C$228.09 and its two-hundred day moving average price is C$225.87.

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%.