George Weston Limited (TSE:WN) Receives Average Rating of “Moderate Buy” from Analysts

George Weston Limited (TSE:WN) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$251.42.

A number of research analysts have issued reports on the company. Scotiabank cut George Weston from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$240.00 to C$241.00 in a research note on Thursday, February 27th. Desjardins decreased their price objective on George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. CIBC dropped their target price on shares of George Weston from C$269.00 to C$268.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, Royal Bank of Canada reduced their price target on shares of George Weston from C$266.00 to C$264.00 and set an “outperform” rating for the company in a report on Thursday, February 27th.

Insiders Place Their Bets

In other news, Senior Officer Rashid Wasti sold 250 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$238.75, for a total value of C$59,687.50. Also, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$230.80, for a total value of C$2,308,031.00. Over the last 90 days, insiders have acquired 4,000 shares of company stock valued at $90,780 and have sold 77,461 shares valued at $17,949,441. Company insiders own 59.41% of the company’s stock.

George Weston Trading Up 0.5 %

TSE:WN opened at C$239.98 on Monday. The firm has a market capitalization of C$31.15 billion, a price-to-earnings ratio of 48.03, 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$241.48. The business’s 50-day moving average price is C$228.09 and its two-hundred day moving average price is C$225.90. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

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%.