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

Shares of George Weston Limited (TSE:WN) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$252.42.

WN has been the subject of several recent research reports. Royal Bank of Canada increased their price target on 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. CIBC upped their price objective on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Desjardins raised their target price on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. TD Securities upped their price target on shares of George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, BMO Capital Markets increased their price target on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th.

George Weston Stock Down 0.8 %

TSE:WN opened at C$221.01 on Wednesday. The stock has a 50-day simple moving average of C$226.86 and a 200 day simple moving average of C$219.55. George Weston has a 52-week low of C$166.78 and a 52-week high of C$239.79. The company has a market cap of C$29.20 billion, a PE ratio of 24.89, a PEG ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.

Insider Activity at George Weston

In other news, Senior Officer Rashid Wasti sold 150 shares of George Weston stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction 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. Insiders have sold 15,150 shares of company stock valued at $3,393,420 over the last three months. 59.41% of the stock is owned by insiders.

George Weston Company Profile

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.