George Weston (TSE:WN) Upgraded to “Outperform” at Scotiabank

Scotiabank upgraded shares of George Weston (TSE:WN) from a sector perform rating to an outperform rating in a research report released on Wednesday,BayStreet.CA reports. They currently have C$240.00 target price on the stock, up from their previous target price of C$218.00.

A number of other research firms also recently weighed in on WN. TD Securities upped their target price on 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. CIBC lifted their target price on George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Royal Bank of Canada upped their price target on shares of George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a report on Monday, December 9th. BMO Capital Markets lifted their price objective on shares of George Weston from C$220.00 to C$221.50 in a research note on Wednesday, November 20th. Finally, Desjardins increased their target price on shares of George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$252.42.

George Weston Stock Up 0.9 %

WN stock opened at C$224.79 on Wednesday. The firm has a market cap of C$29.70 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 5.03 and a beta of 0.42. The firm has a fifty day moving average price of C$226.89 and a two-hundred day moving average price of C$218.85. 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$163.70 and a 1-year high of C$239.79.

Insider Buying and Selling at George Weston

In other news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total value of C$2,249,513.00. Also, Senior Officer Rashid Wasti sold 150 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total value of C$35,317.50. Insiders have sold 15,150 shares of company stock worth $3,393,420 over the last three months. 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.