George Weston Limited (TSE:WN) Given Average Recommendation of “Moderate Buy” by Brokerages

George Weston Limited (TSE:WN) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$252.42.

A number of analysts recently weighed in on the company. BMO Capital Markets increased their price objective on George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. CIBC increased their price target on George Weston from C$254.00 to C$269.00 in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on George Weston from C$253.00 to C$266.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. TD Securities increased their target price on shares of George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Desjardins raised their price target on shares of George Weston from C$232.00 to C$255.00 in a report on Wednesday, November 20th.

George Weston Price Performance

George Weston stock opened at C$214.30 on Wednesday. The stock has a 50-day moving average price of C$226.60 and a two-hundred day moving average price of C$219.69. George Weston has a 12 month low of C$166.78 and a 12 month high of C$239.79. The company has a market capitalization of C$28.32 billion, a PE ratio of 24.13, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a current ratio of 1.35, a quick ratio of 0.73 and a debt-to-equity ratio of 171.94.

Insider Buying and Selling at George Weston

In related news, Senior Officer Richard Dufresne sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of C$221.72, for a total value of C$1,108,589.00. Also, Senior Officer Rashid Wasti sold 150 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$235.45, for a total value of C$35,317.50. Over the last three months, insiders have sold 15,150 shares of company stock valued at $3,393,420. 59.41% 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.