George Weston Limited (TSE:WN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

George Weston Limited (TSE:WN) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, 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 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$282.42.

WN has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. Desjardins upped their target price on shares of George Weston from C$251.00 to C$300.00 in a research note on Friday, May 9th. CIBC increased their price objective on shares of George Weston from C$268.00 to C$296.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. TD Securities upped their target price on shares of George Weston from C$256.00 to C$308.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Scotiabank upped their target price on shares of George Weston from C$241.00 to C$285.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th.

Insider Activity

In related news, Senior Officer Rashid Wasti sold 1,500 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$235.60, for a total value of C$353,400.00. Also, Senior Officer Andrew Michael Bunston sold 2,151 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$277.71, for a total transaction of C$597,360.23. Over the last ninety days, insiders have sold 48,980 shares of company stock valued at $13,059,495. 59.41% of the stock is owned by insiders.

George Weston Trading Down 2.1%

Shares of George Weston stock opened at C$264.61 on Friday. The company has a debt-to-equity ratio of 372.50, a current ratio of 1.32 and a quick ratio of 0.73. George Weston has a 1 year low of C$186.22 and a 1 year high of C$280.86. The company has a market capitalization of C$34.35 billion, a P/E ratio of 52.96, a P/E/G ratio of 5.03 and a beta of 0.42. The business has a 50 day moving average price of C$261.68 and a 200 day moving average price of C$239.91.

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%.