Desjardins Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its price target hoisted by stock analysts at Desjardins from C$232.00 to C$255.00 in a research report issued on Wednesday,BayStreet.CA reports. Desjardins’ price objective points to a potential upside of 18.13% from the stock’s current price.

Several other equities analysts have also weighed in on WN. Scotiabank reduced their price objective on George Weston from C$222.00 to C$218.00 in a research note on Wednesday. Royal Bank of Canada boosted their price target on George Weston from C$230.00 to C$253.00 in a research report on Tuesday, November 12th. BMO Capital Markets boosted 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 report on Wednesday, July 31st. TD Securities boosted their price target on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research report on Monday. Finally, CIBC boosted their price target on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of C$246.58.

George Weston Trading Up 0.4 %

Shares of TSE WN traded up C$0.76 during midday trading on Wednesday, hitting C$215.86. The stock had a trading volume of 64,033 shares, compared to its average volume of 127,528. The company has a market capitalization of C$28.52 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a 1-year low of C$155.00 and a 1-year high of C$236.30. 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 fifty day moving average price of C$223.87 and a 200 day moving average price of C$210.07.

Insiders Place Their Bets

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the business’s stock in a transaction that occurred 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. Also, Senior Officer Rashid Wasti purchased 1,500 shares of the stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of C$21.72 per share, with a total value of C$32,580.00. In the last three months, insiders have acquired 7,600 shares of company stock worth $164,279 and have sold 54,115 shares worth $12,177,793. 59.41% of the stock is owned by company 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.