George Weston (TSE:WN) Given New C$117.00 Price Target at Canadian Imperial Bank of Commerce

George Weston (TSE:WN) had its price objective reduced by equities researchers at Canadian Imperial Bank of Commerce from C$127.00 to C$117.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 25.42% from the stock’s current price.

A number of other equities research analysts have also recently commented on WN. Royal Bank Of Canada raised their target price on shares of 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. TD Securities raised their target price on shares of George Weston from C$108.00 to C$121.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, George Weston currently has an average rating of “Moderate Buy” and an average target price of C$108.86.

George Weston Stock Performance

TSE WN traded down C$3.38 on Wednesday, reaching C$93.29. 198,533 shares of the stock were exchanged, compared to its average volume of 342,675. George Weston has a one year low of C$82.77 and a one year high of C$104.50. The firm has a market capitalization of C$35.22 billion, a PE ratio of 33.32, a PEG ratio of 5.03 and a beta of 0.54. The company’s 50-day simple moving average is C$97.16 and its two-hundred day simple moving average is C$95.86. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 370.81.

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 net margin of 1.90% and a return on equity of 21.94%. The company had revenue of C$14.64 billion for the quarter. Analysts expect that George Weston will post 13.0245758 EPS for the current fiscal year.

Insider Activity at George Weston

In other news, Director Willard Galen Garfield Weston sold 21,729 shares of George Weston 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 transaction of C$2,065,776.03. Following the sale, the director owned 85,584 shares in the company, valued at C$8,136,470.88. This trade represents a 20.25% decrease in their ownership of the stock. Also, insider Richard Dufresne sold 6,825 shares of George Weston 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 transaction of C$648,852.75. Following the sale, the insider owned 19,911 shares in the company, valued at approximately C$1,892,938.77. The trade was a 25.53% decrease in their position. Company insiders own 59.41% of the company’s stock.

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.