George Weston (TSE:WN) Price Target Raised to C$253.00 at Royal Bank of Canada

George Weston (TSE:WN) had its price objective upped by Royal Bank of Canada from C$230.00 to C$253.00 in a report published on Tuesday morning,BayStreet.CA reports.

Several other research analysts have also weighed in on WN. CIBC raised their price objective on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted their price target on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Desjardins upped their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Securities decreased their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Scotiabank upgraded George Weston to a “hold” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, George Weston presently has an average rating of “Moderate Buy” and an average price target of C$235.50.

George Weston Price Performance

Shares of TSE WN opened at C$233.56 on Tuesday. 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 fifty-two week low of C$155.00 and a fifty-two week high of C$236.30. The business has a 50 day moving average price of C$223.38 and a two-hundred day moving average price of C$208.29. The firm has a market cap of C$30.86 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling

In other George Weston news, Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. In other George Weston news, Senior Officer Rashid Wasti bought 1,300 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of C$21.63 per share, for a total transaction of C$28,119.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15. In the last 90 days, insiders have purchased 7,900 shares of company stock valued at $170,948 and have sold 54,265 shares valued at $12,210,568. Company 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.