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

George Weston (TSE:WN) had its price objective reduced by Scotia from C$106.00 to C$102.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotia’s price objective indicates a potential upside of 9.34% from the company’s previous close.

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

George Weston Stock Down 3.5%

Shares of WN stock traded down C$3.38 on Wednesday, hitting C$93.29. The stock had a trading volume of 198,533 shares, compared to its average volume of 342,675. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 370.81. The business has a 50 day moving average price of C$97.16 and a 200 day moving average price of C$95.86. The company has a market cap of C$35.22 billion, a PE ratio of 33.32, a P/E/G ratio of 5.03 and a beta of 0.54. George Weston has a one year low of C$82.77 and a one year high of C$104.50.

George Weston (TSE:WN) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. The firm had revenue of C$14.64 billion during the quarter. George Weston had a return on equity of 21.94% and a net margin of 1.90%. Research analysts anticipate that George Weston will post 13.0245758 earnings per share for the current fiscal year.

Insider Transactions at George Weston

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