George Weston Limited (TSE:WN – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$106.99 and last traded at C$105.18, with a volume of 24532 shares. The stock had previously closed at C$103.87.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on WN shares. Canadian Imperial Bank of Commerce decreased their price objective on George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Scotia cut their price target on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$108.86.
View Our Latest Stock Report on George Weston
George Weston Price Performance
George Weston (TSE:WN – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. The firm had revenue of C$14.64 billion for the quarter. On average, equities research analysts forecast that George Weston Limited will post 13.0245758 EPS for the current fiscal year.
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.
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