Royal Bank Of Canada Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its target price increased by equities researchers at Royal Bank Of Canada from C$109.00 to C$115.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 17.45% from the stock’s current price.

A number of other analysts have also recently weighed in on WN. Desjardins boosted their target price on shares of George Weston from C$103.00 to C$110.00 in a research note on Friday, December 19th. BMO Capital Markets boosted their price objective on George Weston from C$95.00 to C$98.00 in a research report on Monday, November 17th. CIBC increased their target price on George Weston from C$100.00 to C$112.00 in a research report on Monday, November 17th. Finally, TD Securities lifted their price target on George Weston from C$105.00 to C$108.00 in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$107.00.

George Weston Price Performance

Shares of George Weston stock traded up C$0.96 during trading on Friday, reaching C$97.91. 62,566 shares of the company’s stock were exchanged, compared to its average volume of 262,868. The firm’s 50-day moving average price is C$95.20 and its 200 day moving average price is C$90.02. The company has a market cap of C$37.43 billion, a P/E ratio of 26.13, a PEG ratio of 5.03 and a beta of 0.45. The company has a debt-to-equity ratio of 372.50, a quick ratio of 0.73 and a current ratio of 1.32. George Weston has a 1-year low of C$71.56 and a 1-year high of C$98.17.

George Weston (TSE:WN) last issued its earnings results on Friday, November 14th. The company reported C$1.37 EPS for the quarter. The firm had revenue of C$19.55 billion during the quarter. George Weston had a return on equity of 10.33% and a net margin of 1.07%. As a group, research analysts anticipate that George Weston will post 13.0245758 earnings per share for the current year.

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.