BMO Capital Markets Raises George Weston (TSE:WN) Price Target to C$220.00

George Weston (TSE:WN) had its price target raised by BMO Capital Markets from C$196.00 to C$220.00 in a research note published on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

WN has been the subject of a number of other reports. TD Securities cut their target price on George Weston from C$246.00 to C$242.00 and set a buy rating for the company in a research note on Monday, July 22nd. Desjardins raised their target price on George Weston from C$205.00 to C$212.00 in a research note on Wednesday, May 8th. CIBC raised their price objective on George Weston from C$235.00 to C$254.00 and gave the stock an outperform rating in a research report on Wednesday. Finally, Scotiabank raised their price objective on George Weston from C$200.00 to C$212.00 and gave the stock a sector perform rating in a research report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$229.67.

George Weston Trading Down 0.6 %

Shares of WN stock opened at C$210.23 on Wednesday. The stock’s fifty day moving average is C$200.70 and its two-hundred day moving average is C$187.08. The company has a debt-to-equity ratio of 159.31, a quick ratio of 0.73 and a current ratio of 1.25. The firm has a market capitalization of C$28.12 billion, a P/E ratio of 22.20, a PEG ratio of 1.70 and a beta of 0.38. George Weston has a fifty-two week low of C$144.41 and a fifty-two week high of C$217.28.

George Weston (TSE:WN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$2.30 earnings per share for the quarter. The company had revenue of C$13.74 billion for the quarter. George Weston had a return on equity of 18.50% and a net margin of 2.22%. Research analysts expect that George Weston will post 12.1466667 earnings per share for the current fiscal year.

George Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, September 13th. George Weston’s payout ratio is presently 34.64%.

Insider Activity

In other news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$190.49, for a total value of C$1,904,880.00. In other George Weston news, Senior Officer Rashid Wasti sold 1,307 shares of George Weston stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$193.25, for a total transaction of C$252,577.75. Also, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$190.49, for a total value of C$1,904,880.00. In the last quarter, insiders sold 26,307 shares of company stock worth $5,071,972. 58.49% of the stock is currently owned by company insiders.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.