George Weston Limited (TSE:WN) Receives Consensus Rating of “Moderate Buy” from Analysts

George Weston Limited (TSE:WN) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$248.75.

WN has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Desjardins raised their price objective on George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. TD Securities boosted their target price 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. BMO Capital Markets raised their price target on George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Finally, Scotiabank cut their price target on George Weston from C$222.00 to C$218.00 in a research report on Wednesday, November 20th.

Insiders Place Their Bets

In other news, Senior Officer Richard Dufresne sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of C$221.72, for a total transaction of C$1,108,589.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of George Weston 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. Over the last quarter, insiders acquired 3,000 shares of company stock worth $65,080 and sold 52,015 shares worth $11,748,544. 59.41% of the stock is currently owned by company insiders.

George Weston Trading Down 0.2 %

Shares of TSE:WN opened at C$226.67 on Friday. The company has a market cap of C$29.95 billion, a PE ratio of 25.53, a P/E/G ratio of 5.03 and a beta of 0.42. The company’s 50 day moving average is C$226.02 and its two-hundred day moving average is C$215.93. George Weston has a 52 week low of C$158.92 and a 52 week high of C$239.79. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94.

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.