George Weston (TSE:WN) Issues Quarterly Earnings Results

George Weston (TSE:WN) posted its quarterly earnings results on Wednesday. The company reported C$1.21 EPS for the quarter, FiscalAI reports. George Weston had a return on equity of 21.94% and a net margin of 1.90%.The company had revenue of C$15.86 billion for the quarter.

George Weston Trading Up 0.7%

WN opened at C$94.40 on Friday. The company has a debt-to-equity ratio of 370.81, a quick ratio of 0.73 and a current ratio of 1.10. The stock’s 50 day moving average price is C$98.00 and its 200-day moving average price is C$92.41. George Weston has a one year low of C$75.11 and a one year high of C$104.50. The stock has a market cap of C$36.09 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 5.03 and a beta of 0.51.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Desjardins raised their target price on shares of George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. Canadian Imperial Bank of Commerce raised their price objective on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. BMO Capital Markets boosted their target price on George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. TD Securities increased their price target on George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada lifted their price objective on George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$109.17.

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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.