George Weston (TSE:WN) Price Target Raised to C$266.00 at Royal Bank of Canada

George Weston (TSE:WN) had its price objective boosted by investment analysts at Royal Bank of Canada from C$253.00 to C$266.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 14.03% from the stock’s current price.

A number of other research analysts have also recently issued reports on WN. CIBC lifted their target price on George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th. Desjardins lifted their target price on George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. TD Securities lifted their target price on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research report on Monday, November 18th. BMO Capital Markets lifted their target price on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. Finally, Scotiabank decreased their target price on George Weston from C$222.00 to C$218.00 in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$248.75.

George Weston Price Performance

Shares of WN stock traded down C$1.17 during trading hours on Monday, reaching C$233.27. The company’s stock had a trading volume of 48,979 shares, compared to its average volume of 127,433. George Weston has a fifty-two week low of C$155.49 and a fifty-two week high of C$237.52. The firm’s 50 day simple moving average is C$224.28 and its 200-day simple moving average is C$213.31. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. The company has a market capitalization of C$30.82 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling

In related news, Senior Officer Richard Dufresne sold 4,400 shares of George Weston stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$226.89, for a total value of C$998,326.12. Also, Senior Officer Rashid Wasti sold 150 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total value of C$35,317.50. Over the last ninety days, insiders have purchased 5,100 shares of company stock valued at $109,809 and have sold 56,415 shares valued at $12,746,870. 59.41% of the stock is owned by insiders.

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.