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

Shares of George Weston Limited (TSE:WN) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$111.00.

A number of analysts have weighed in on the stock. BMO Capital Markets raised shares of George Weston from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$103.00 to C$113.00 in a report on Monday. Scotia lowered their target price on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th.

George Weston Stock Up 0.9%

Shares of WN stock traded up C$0.97 during trading hours on Monday, reaching C$104.84. 145,930 shares of the stock were exchanged, compared to its average volume of 343,733. The business’s fifty day moving average is C$100.09 and its two-hundred day moving average is C$98.55. The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. George Weston has a 12-month low of C$82.77 and a 12-month high of C$106.99. The firm has a market capitalization of C$39.53 billion, a P/E ratio of 36.66, a P/E/G ratio of 5.03 and a beta of 0.31.

George Weston (TSE:WN) last issued its earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. The business had revenue of C$14.64 billion for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%. As a group, research analysts expect that George Weston will post 13.0245758 EPS for the current fiscal year.

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%. 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.