Brokers Set Expectations for George Weston FY2024 Earnings

George Weston Limited (TSE:WN) – Desjardins increased their FY2024 earnings per share (EPS) estimates for George Weston in a report released on Wednesday, November 20th. Desjardins analyst C. Li now anticipates that the company will post earnings of $11.81 per share for the year, up from their previous forecast of $11.67. The consensus estimate for George Weston’s current full-year earnings is $13.02 per share. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.48 EPS.

Other equities analysts have also issued reports about the stock. BMO Capital Markets upped their price target on George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. Scotiabank decreased their price target on George Weston from C$222.00 to C$218.00 in a research note on Wednesday, November 20th. CIBC boosted their price target on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Royal Bank of Canada increased their price objective on shares of George Weston from C$230.00 to C$253.00 in a research report on Tuesday, November 12th. Finally, 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 note on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$246.58.

George Weston Trading Down 0.3 %

WN opened at C$218.18 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94. The firm has a market cap of C$28.83 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a 12 month low of C$155.49 and a 12 month high of C$236.30. The stock has a fifty day moving average price of C$223.58 and a 200-day moving average price of C$211.01.

Insider Transactions at George Weston

In other George Weston news, 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 value of C$8,355,124.15. Also, Senior Officer Richard Dufresne sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$218.89, for a total value of C$591,000.03. Over the last ninety days, insiders have bought 5,100 shares of company stock valued at $109,809 and have sold 54,115 shares valued at $12,177,793. Corporate 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.