George Weston (TSE:WN) Price Target Raised to C$308.00 at TD Securities

George Weston (TSE:WN) had its target price upped by TD Securities from C$256.00 to C$308.00 in a report released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Desjardins decreased their price target on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Scotiabank cut George Weston from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$240.00 to C$241.00 in a research note on Thursday, February 27th. CIBC cut their price target on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Royal Bank of Canada lifted their price objective on George Weston from C$264.00 to C$284.00 in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$262.25.

George Weston Price Performance

Shares of George Weston stock opened at C$266.78 on Friday. The stock has a market capitalization of C$34.63 billion, a price-to-earnings ratio of 53.40, a P/E/G ratio of 5.03 and a beta of 0.42. The firm’s 50-day moving average price is C$243.90 and its two-hundred day moving average price is C$231.25. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. George Weston has a 1-year low of C$184.73 and a 1-year high of C$269.99.

Insider Buying and Selling at George Weston

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total transaction of C$2,308,031.00. Also, Senior Officer Rashid Wasti sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$235.60, for a total value of C$353,400.00. In the last quarter, insiders have bought 4,000 shares of company stock worth $90,780 and have sold 77,461 shares worth $17,949,441. Company insiders own 59.41% of the company’s stock.

George Weston Company Profile

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%.