Barclays PLC Cuts George Weston Limited (WN) Price Target to C$113.00
Several other analysts have also recently issued reports on the company. CIBC decreased their price objective on George Weston Limited from C$123.00 to C$119.00 in a report on Wednesday. BMO Capital Markets reaffirmed an outperform rating and set a C$129.00 price objective on shares of George Weston Limited in a report on Wednesday. Scotiabank decreased their price objective on George Weston Limited from C$130.00 to C$115.00 and set a sector perform rating on the stock in a report on Wednesday. Royal Bank Of Canada decreased their price objective on George Weston Limited from C$145.00 to C$144.00 and set an outperform rating on the stock in a report on Monday, November 20th. Finally, George Weston Ltd. cut George Weston Limited from an overweight rating to an equal weight rating and decreased their price objective for the stock from C$131.04 to C$117.00 in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of C$122.83.
Shares of George Weston Limited (TSE WN) opened at C$109.52 on Wednesday. George Weston Limited has a twelve month low of C$104.49 and a twelve month high of C$125.67.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be issued a dividend of $0.455 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.82 annualized dividend and a yield of 1.66%. George Weston Limited’s payout ratio is presently 30.19%.
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About George Weston Limited
George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.
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