Desjardins Lowers George Weston (TSE:WN) Price Target to C$251.00

George Weston (TSE:WN) had its target price lowered by investment analysts at Desjardins from C$255.00 to C$251.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 9.13% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on WN. BMO Capital Markets boosted their price objective on shares of George Weston from C$220.00 to C$221.50 in a research report on Wednesday, November 20th. TD Securities boosted 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, November 18th. Scotiabank downgraded George Weston from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$240.00 to C$241.00 in a report on Thursday. Royal Bank of Canada decreased their target price on George Weston from C$266.00 to C$264.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, CIBC dropped their price target on George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$251.42.

George Weston Trading Down 1.9 %

WN stock traded down C$4.47 during midday trading on Thursday, reaching C$230.00. The company’s stock had a trading volume of 92,209 shares, compared to its average volume of 120,434. The stock has a fifty day simple moving average of C$223.34 and a two-hundred day simple moving average of C$223.17. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. The firm has a market capitalization of C$29.86 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 5.03 and a beta of 0.42. George Weston has a 1 year low of C$174.30 and a 1 year high of C$239.79.

Insider Buying and Selling

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$224.95, for a total value of C$2,249,513.00. Also, 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. 59.41% of the stock is currently owned by company insiders.

George Weston Company Profile

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%.