George Weston (TSE:WN) Price Target Raised to C$110.00 at Desjardins

George Weston (TSE:WN) had its target price hoisted by research analysts at Desjardins from C$103.00 to C$110.00 in a research report issued on Friday,BayStreet.CA reports. Desjardins’ price objective suggests a potential upside of 15.61% from the stock’s current price.

A number of other research firms also recently weighed in on WN. Scotiabank lifted their target price on George Weston from C$95.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. TD Securities raised their price objective on George Weston from C$105.00 to C$108.00 in a research report on Thursday, November 13th. CIBC boosted their price objective on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Finally, BMO Capital Markets upped their target price on George Weston from C$95.00 to C$98.00 in a research note on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$105.78.

George Weston Stock Performance

Shares of George Weston stock traded down C$0.43 during midday trading on Friday, hitting C$95.15. The company had a trading volume of 303,353 shares, compared to its average volume of 377,238. George Weston has a 1-year low of C$71.20 and a 1-year high of C$97.94. The business’s 50 day simple moving average is C$91.20 and its two-hundred day simple moving average is C$89.11. The stock has a market cap of C$36.38 billion, a PE ratio of 25.40, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73.

George Weston (TSE:WN) last issued its quarterly earnings results on Friday, November 14th. The company reported C$1.37 earnings per share for the quarter. The firm had revenue of C$19.55 billion during the quarter. George Weston had a net margin of 1.07% and a return on equity of 10.33%. As a group, equities analysts predict that George Weston will post 13.0245758 EPS for the current fiscal year.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.