Brokerages Set George Weston Limited (TSE:WN) PT at C$282.42

Shares of George Weston Limited (TSE:WN) have been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$282.42.

Several equities analysts have commented on the stock. TD Securities raised their target price on shares of George Weston from C$256.00 to C$308.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Desjardins raised their target price on shares of George Weston from C$251.00 to C$300.00 in a report on Friday, May 9th. Scotiabank raised their target price on shares of George Weston from C$241.00 to C$285.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Royal Bank of Canada raised their price target on shares of George Weston from C$264.00 to C$284.00 in a report on Monday, April 14th. Finally, CIBC lifted their target price on shares of George Weston from C$268.00 to C$296.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th.

George Weston Stock Up 0.9%

George Weston stock opened at C$263.79 on Tuesday. The stock has a market cap of C$34.24 billion, a price-to-earnings ratio of 52.80, a PEG ratio of 5.03 and a beta of 0.42. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50. The company’s 50-day moving average price is C$249.88 and its two-hundred day moving average price is C$234.18. George Weston has a 52 week low of C$186.22 and a 52 week high of C$273.19.

Insider Buying and Selling

In other news, Senior Officer Rashid Wasti sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$235.60, for a total value of C$353,400.00. Also, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$260.07, for a total transaction of C$2,600,739.00. In the last three months, insiders acquired 4,000 shares of company stock valued at $90,780 and sold 107,461 shares valued at $25,908,316. 59.41% of the stock is owned by company insiders.

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%.