George Weston Limited (TSE:WN) Receives C$201.00 Consensus Target Price from Analysts

Shares of George Weston Limited (TSE:WN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$208.50.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of George Weston from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. CIBC raised their price target on shares of George Weston from C$213.00 to C$222.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. BMO Capital Markets raised their target price on shares of George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Scotiabank increased their price target on George Weston from C$200.00 to C$212.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, TD Securities increased their target price on George Weston from C$226.00 to C$227.00 and gave the stock a “buy” rating in a research note on Monday.

Insider Buying and Selling at George Weston

In other news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$181.41, for a total transaction of C$1,814,055.00. In other news, Senior Officer Richard Dufresne sold 10,000 shares of George Weston stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$181.41, for a total transaction of C$1,814,055.00. Also, Director Willard Galen Garfield Weston sold 79,200 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$144.88, for a total value of C$11,474,503.92. Over the last three months, insiders have sold 151,008 shares of company stock valued at $24,350,724. 58.21% of the stock is currently owned by company insiders.

George Weston Stock Performance

TSE WN opened at C$187.33 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 158.23. The company’s 50-day simple moving average is C$181.00 and its 200 day simple moving average is C$170.65. George Weston has a twelve month low of C$144.41 and a twelve month high of C$190.17. The stock has a market cap of C$25.18 billion, a P/E ratio of 17.41, a PEG ratio of 1.70 and a beta of 0.38.

George Weston (TSE:WN) last announced its earnings results on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The company had revenue of C$14.70 billion for the quarter. As a group, research analysts forecast that George Weston will post 11.8758003 earnings per share for the current fiscal year.

George Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.713 per share. This represents a $2.85 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 14th. George Weston’s dividend payout ratio is presently 26.49%.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.