George Weston (TSE:WN) Given New C$268.00 Price Target at CIBC

George Weston (TSE:WN) had its price objective cut by CIBC from C$269.00 to C$268.00 in a research note published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets raised their price objective on shares of George Weston from C$220.00 to C$221.50 in a report on Wednesday, November 20th. Scotiabank cut shares of George Weston from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$240.00 to C$241.00 in a research note on Thursday. Royal Bank of Canada upped their price objective on George Weston from C$253.00 to C$266.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. TD Securities increased their target price on George Weston from C$242.00 to C$263.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Desjardins boosted their price target on George Weston from C$232.00 to C$255.00 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$251.42.

George Weston Stock Down 2.8 %

Shares of WN stock opened at C$227.85 on Thursday. George Weston has a one year low of C$174.30 and a one year high of C$239.79. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. The stock has a fifty day moving average price of C$223.36 and a 200 day moving average price of C$223.33. The stock has a market cap of C$29.58 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42.

Insider Activity

In related news, Senior Officer Rashid Wasti sold 150 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$235.45, for a total transaction of C$35,317.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$224.95, for a total transaction of C$2,249,513.00. 59.41% of the stock is currently owned by corporate 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%.