George Weston (TSE:WN) Given New C$218.00 Price Target at Scotiabank

George Weston (TSE:WN) had its price target reduced by Scotiabank from C$222.00 to C$218.00 in a research note released on Wednesday,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on WN. TD Securities boosted their price target 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. Royal Bank of Canada raised their price target on George Weston from C$230.00 to C$253.00 in a research note on Tuesday, November 12th. BMO Capital Markets raised their target price on shares of George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Desjardins upped their price target on shares of George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, CIBC increased their price target on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$246.58.

George Weston Trading Up 1.8 %

WN opened at C$219.04 on Wednesday. The business’s 50-day simple moving average is C$223.82 and its 200-day simple moving average is C$210.32. The company has a market cap of C$28.94 billion, a P/E ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a one year low of C$155.00 and a one year high of C$236.30. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.

Insider Buying and Selling

In other news, Director Alannah Elizabeth Weston sold 36,865 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$226.64, for a total transaction of C$8,355,124.15. Also, Senior Officer Rashid Wasti acquired 1,500 shares of the stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of C$21.72 per share, with a total value of C$32,580.00. In the last three months, insiders have acquired 7,600 shares of company stock worth $164,279 and have sold 54,115 shares worth $12,177,793. Insiders own 59.41% of the company’s stock.

About George Weston

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.