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

Shares of George Weston Limited (TSE:WN) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$252.42.

A number of research analysts recently weighed in on the stock. Scotiabank raised shares of George Weston from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$218.00 to C$240.00 in a research report on Wednesday, January 8th. TD Securities upped their price target on 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. Desjardins raised their price objective on shares of George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th. CIBC lifted their target price on George Weston from C$254.00 to C$269.00 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their price target on shares of George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a report on Monday, December 9th.

George Weston Stock Performance

Shares of WN opened at C$224.17 on Friday. 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’s fifty day simple moving average is C$225.63 and its two-hundred day simple moving average is C$221.86. George Weston has a 12 month low of C$166.78 and a 12 month high of C$239.79. The stock has a market capitalization of C$29.62 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling

In related news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total transaction 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 in the last 90 days. 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.