George Weston (TSE:WN) Rating Reiterated by Desjardins

George Weston (TSE:WN)‘s stock had its “buy” rating reaffirmed by investment analysts at Desjardins in a report released on Wednesday, Price Targets.com reports. They currently have a C$158.00 price target on the stock, up from their prior price target of C$141.00. Desjardins’ price target would suggest a potential upside of 12.81% from the stock’s previous close. Desjardins also issued estimates for George Weston’s FY2022 earnings at $8.84 EPS.

Several other research analysts also recently weighed in on WN. Royal Bank of Canada boosted their price target on George Weston from C$154.00 to C$162.00 and gave the company an “outperform” rating in a report on Friday, November 19th. CIBC boosted their price target on George Weston from C$141.00 to C$153.00 and gave the company an “outperform” rating in a report on Tuesday, August 3rd. TD Securities boosted their price target on George Weston from C$160.00 to C$170.00 and gave the company a “buy” rating in a report on Monday, November 15th. Cfra set a C$135.00 price objective on George Weston in a report on Friday, August 6th. Finally, Scotiabank upped their price objective on George Weston from C$121.00 to C$134.00 and gave the stock an “outperform” rating in a report on Monday, August 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$147.43.

Shares of George Weston stock opened at C$140.06 on Wednesday. The company has a debt-to-equity ratio of 157.52, a current ratio of 1.24 and a quick ratio of 0.69. George Weston has a 1 year low of C$91.95 and a 1 year high of C$142.93. The company has a market capitalization of C$21.09 billion and a P/E ratio of 33.84. The business has a 50 day moving average price of C$136.25 and a 200 day moving average price of C$127.55.

In other news, Senior Officer Rashid Wasti sold 4,562 shares of the stock in a transaction dated Friday, September 3rd. The shares were sold at an average price of C$136.75, for a total transaction of C$623,853.50. Following the transaction, the insider now owns 9,000 shares of the company’s stock, valued at C$1,230,750.

About George Weston

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

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Analyst Recommendations for George Weston (TSE:WN)

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