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

George Weston Limited (TSE:WN) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four 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$251.42.

A number of brokerages have commented on WN. CIBC cut their price target on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Scotiabank cut shares of George Weston from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$240.00 to C$241.00 in a research report on Thursday, February 27th. TD Securities upped their price target on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Royal Bank of Canada cut their price target on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, BMO Capital Markets upped their price target on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th.

Insider Buying and Selling

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$230.80, for a total value of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 250 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of C$231.30, for a total transaction of C$57,825.00. 59.41% of the stock is currently owned by company insiders.

George Weston Stock Performance

TSE WN opened at C$233.37 on Thursday. The company has a market capitalization of C$30.29 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a twelve month low of C$174.30 and a twelve month high of C$239.79. The stock has a fifty day simple moving average of C$223.69 and a 200 day simple moving average of C$223.97. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%.