George Weston (TSE:WN) Upgraded by Scotiabank to “Outperform” Rating

George Weston (TSE:WN) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a C$240.00 target price on the stock, up from their previous target price of C$218.00. Scotiabank’s target price points to a potential upside of 7.19% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Royal Bank of Canada lifted their price objective on George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. CIBC lifted their price target on shares of George Weston from C$254.00 to C$269.00 in a research report on Wednesday, November 20th. Desjardins increased their price objective on shares of George Weston from C$232.00 to C$255.00 in a research report on Wednesday, November 20th. BMO Capital Markets lifted their target price on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Finally, TD Securities increased 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$252.42.

George Weston Trading Up 0.5 %

TSE:WN traded up C$1.03 during trading hours on Wednesday, reaching C$223.90. 86,115 shares of the company were exchanged, compared to its average volume of 99,340. George Weston has a 52-week low of C$163.70 and a 52-week high of C$239.79. The stock has a 50 day simple moving average of C$226.83 and a 200 day simple moving average of C$218.60. The firm has a market cap of C$29.59 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73.

Insider Buying and Selling at George Weston

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction 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 sold a total of 15,150 shares of company stock valued at $3,393,420 in the last ninety days. 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.