TD Securities Forecasts Strong Price Appreciation for George Weston (TSE:WN) Stock

George Weston (TSE:WN) had its price objective boosted by TD Securities from C$242.00 to C$263.00 in a research note published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on WN. BMO Capital Markets raised their price target on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Desjardins increased their target price on shares of George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. CIBC boosted their price target on shares of 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. Royal Bank of Canada increased their price objective on shares of George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. Finally, Scotiabank upgraded George Weston to a “hold” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, George Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of C$239.00.

George Weston Trading Down 1.7 %

Shares of TSE:WN opened at C$222.15 on Monday. The firm has a market capitalization of C$29.35 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. The business’s 50 day moving average price is C$224.01 and its 200-day moving average price is C$209.83. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. George Weston has a 1 year low of C$155.00 and a 1 year high of C$236.30.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$218.51, for a total transaction of C$1,092,546.00. Also, Director Alannah Elizabeth Weston sold 36,865 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. Over the last three months, insiders purchased 6,600 shares of company stock worth $142,829 and sold 54,115 shares worth $12,177,793. Company 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.