George Weston (TSE:WN) Given a C$134.00 Price Target at Canadian Imperial Bank of Commerce

George Weston (TSE:WN) has been assigned a C$134.00 price objective by equities research analysts at Canadian Imperial Bank of Commerce in a note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce‘s price objective suggests a potential upside of 22.12% from the stock’s previous close.

Separately, BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$103.00 to C$113.00 in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$115.83.

George Weston Price Performance

TSE WN traded up C$1.74 during trading hours on Thursday, reaching C$109.73. The company’s stock had a trading volume of 519,471 shares, compared to its average volume of 317,152. The firm’s 50-day moving average price is C$101.04 and its 200-day moving average price is C$100.38. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 438.92. George Weston has a 1 year low of C$83.18 and a 1 year high of C$111.49. The company has a market capitalization of C$41.06 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 5.03 and a beta of 0.22.

George Weston (TSE:WN) last posted its quarterly earnings results on Friday, July 31st. The company reported C$1.08 earnings per share for the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%. The business had revenue of C$15.20 billion during the quarter. On average, equities research analysts predict that George Weston will post 13.02 EPS for the current fiscal year.

Insider Buying and Selling

In other George Weston news, insider Richard Dufresne sold 10,000 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$101.04, for a total transaction of C$1,010,400.00. Following the completion of the transaction, the insider owned 19,911 shares of the company’s stock, valued at C$2,011,807.44. This represents a 33.43% decrease in their position. In the last 90 days, insiders have sold 70,000 shares of company stock valued at $7,017,600. 59.41% of the stock is owned by 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%. 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.