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

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

Other equities analysts also recently issued research reports about the stock. TD Securities upped their price objective on shares of George Weston from C$108.00 to C$121.00 and gave the company a “buy” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce cut their price objective on shares of George Weston from C$127.00 to C$117.00 in a report on Wednesday. Finally, Royal Bank Of Canada upped their price objective on shares of George Weston from C$109.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, George Weston currently 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 traded down C$3.38 during mid-day trading on Wednesday, hitting C$93.29. 198,533 shares of the company traded hands, compared to its average volume of 342,675. George Weston has a 1-year low of C$82.77 and a 1-year high of C$104.50. 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 company has a market capitalization of C$35.22 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 5.03 and a beta of 0.54. The business has a 50 day moving average of C$97.16 and a 200 day moving average of C$95.86.

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

Insider Buying and Selling

In related news, Director Willard Galen Garfield Weston sold 21,729 shares of the company’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 sale, the director owned 85,584 shares in the company, valued at C$8,136,470.88. This represents a 20.25% decrease in their ownership of the stock. Also, insider Richard Dufresne sold 6,825 shares of the company’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 in the company, valued at approximately C$1,892,938.77. This represents a 25.53% decrease in their position. 59.41% of the stock is owned by corporate 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.