Scotiabank upgraded shares of George Weston (TSE:WN – Free Report) from a sector perform rating to an outperform rating in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have C$240.00 price target on the stock, up from their prior price target of C$218.00.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of George Weston from C$220.00 to C$221.50 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 stock a “buy” rating in a research note on Monday, November 18th. Desjardins boosted their target price on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. CIBC lifted their price target on shares of George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada increased their price objective on George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, George Weston presently has a consensus rating of “Moderate Buy” and a consensus price target of C$252.42.
Read Our Latest Research Report on WN
George Weston Stock Performance
Insiders Place Their Bets
In other George Weston news, Senior Officer Rashid Wasti sold 150 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 5,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of C$221.72, for a total value of C$1,108,589.00. Insiders sold a total of 15,150 shares of company stock worth $3,393,420 in the last quarter. 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.
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