George Weston Limited (TSE:WN) Receives C$111.00 Average Target Price from Analysts

Shares of George Weston Limited (TSE:WN) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$111.00.

WN has been the topic of several research reports. BMO Capital Markets raised shares of George Weston from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$103.00 to C$113.00 in a research report on Monday, July 20th. Canadian Imperial Bank of Commerce lowered their price target on George Weston from C$127.00 to C$117.00 in a report on Wednesday, May 13th. Finally, Scotia dropped their price target on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th.

George Weston Price Performance

WN stock opened at C$103.91 on Monday. The company has a market capitalization of C$39.18 billion, a P/E ratio of 36.33, a PEG ratio of 5.03 and a beta of 0.31. George Weston has a twelve month low of C$82.77 and a twelve month high of C$106.99. The business has a 50 day simple moving average of C$100.94 and a 200-day simple moving average of C$98.88. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 411.08.

George Weston (TSE:WN) last announced its earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share (EPS) for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. The business had revenue of C$14.64 billion for the quarter. As a group, equities analysts anticipate that George Weston will post 13.0245758 EPS for the current 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.