TD Securities Forecasts Strong Price Appreciation for George Weston (TSE:WN) Stock

George Weston (TSE:WN) had its price objective increased by TD Securities from C$108.00 to C$121.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 21.23% from the company’s previous close.

Several other equities analysts have also recently weighed in on WN. BMO Capital Markets lifted their price objective on shares of George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. Royal Bank Of Canada raised their target price on George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Desjardins lifted their price target on George Weston from C$103.00 to C$110.00 in a report on Friday, December 19th. Finally, Canadian Imperial Bank of Commerce increased their price objective on George Weston from C$100.00 to C$112.00 in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$109.17.

George Weston Trading Up 0.4%

WN stock traded up C$0.37 during mid-day trading on Friday, reaching C$99.81. 192,300 shares of the stock traded hands, compared to its average volume of 297,385. George Weston has a 52-week low of C$75.11 and a 52-week high of C$104.50. The stock’s fifty day moving average is C$97.66 and its 200-day moving average is C$92.06. The company has a market cap of C$38.16 billion, a P/E ratio of 26.64, a P/E/G ratio of 5.03 and a beta of 0.48. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

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%. 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.