Scotia Cuts George Weston (TSE:WN) Price Target to C$102.00

George Weston (TSE:WN) had its target price reduced by Scotia from C$106.00 to C$102.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently commented on the company. Canadian Imperial Bank of Commerce decreased their target price on George Weston from C$127.00 to C$117.00 in a report on Wednesday. Royal Bank Of Canada lifted their target price on George Weston from C$109.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Finally, TD Securities lifted their price target on George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$108.86.

George Weston Trading Down 0.5%

George Weston stock opened at C$95.23 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 145.33. George Weston has a 52 week low of C$82.77 and a 52 week high of C$104.50. The company has a market capitalization of C$35.91 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 5.03 and a beta of 0.54. The stock has a 50-day moving average price of C$96.95 and a 200 day moving average price of C$95.94.

George Weston (TSE:WN) last released its earnings results on Tuesday, May 12th. The company reported C$0.91 EPS for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The firm had revenue of C$14.64 billion during the quarter. Sell-side analysts anticipate that George Weston will post 13.0245758 EPS for the current year.

Insider Buying and Selling

In other news, Director Willard Galen Garfield Weston sold 21,729 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of C$95.07, for a total value of C$2,065,776.03. Following the completion of the sale, the director directly owned 85,584 shares in the company, valued at C$8,136,470.88. The trade was a 20.25% decrease in their ownership of the stock. Also, insider Richard Dufresne sold 6,825 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of C$95.07, for a total value of C$648,852.75. Following the completion of the sale, the insider owned 19,911 shares of the company’s stock, valued at C$1,892,938.77. This trade represents a 25.53% decrease in their ownership of the stock. 59.41% of the stock is owned by insiders.

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.