BMO Capital Markets Forecasts Strong Price Appreciation for George Weston (TSE:WN) Stock

George Weston (TSE:WN) had its price objective upped by BMO Capital Markets from C$220.00 to C$221.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 2.61% from the stock’s previous close.

Other research analysts also recently issued reports about the company. CIBC upped their price target on George Weston from C$254.00 to C$269.00 in a research note on Wednesday. TD Securities increased their price target on George Weston from C$242.00 to C$263.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada increased their price target on George Weston from C$230.00 to C$253.00 in a report on Tuesday, November 12th. Scotiabank reduced their target price on George Weston from C$222.00 to C$218.00 in a research note on Wednesday. Finally, Desjardins increased their price target on George Weston from C$232.00 to C$255.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$246.58.

George Weston Stock Performance

Shares of TSE:WN traded up C$0.76 during mid-day trading on Wednesday, reaching C$215.86. 64,033 shares of the company traded hands, compared to its average volume of 127,528. George Weston has a 52 week low of C$155.00 and a 52 week high of C$236.30. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73. The firm has a market cap of C$28.52 billion, a PE ratio of 24.31, a PEG ratio of 5.03 and a beta of 0.42. The company’s 50 day moving average price is C$223.87 and its 200-day moving average price is C$210.07.

Insider Buying and Selling at George Weston

In related news, Senior Officer Richard Dufresne sold 2,700 shares of George Weston stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$218.89, for a total transaction of C$591,000.03. Also, Director Alannah Elizabeth Weston sold 36,865 shares of George Weston stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total value of C$8,355,124.15. Over the last ninety days, insiders acquired 7,600 shares of company stock worth $164,279 and sold 54,115 shares worth $12,177,793. 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.