Barclays PLC Downgrades George Weston Limited (TSE:WN) to Equal Weight
Barclays PLC cut shares of George Weston Limited (TSE:WN) from an overweight rating to an equal weight rating in a research report sent to investors on Friday morning. The firm currently has C$117.00 price objective on the stock, down from their previous price objective of C$131.04.
A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of George Weston Limited from C$148.00 to C$155.00 and gave the company an outperform rating in a research note on Tuesday, May 9th. CIBC reduced their target price on shares of George Weston Limited from C$127.00 to C$126.00 in a research note on Wednesday, May 10th. Finally, Scotiabank boosted their target price on shares of George Weston Limited from C$127.00 to C$136.00 and gave the company an outperform rating in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$126.83.
Shares of George Weston Limited (WN) opened at 108.89 on Friday. The firm has a market cap of $13.90 billion and a P/E ratio of 24.51. George Weston Limited has a 52 week low of $100.41 and a 52 week high of $125.67. The stock’s 50 day moving average is $116.63 and its 200 day moving average is $116.23.
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In related news, Director Robert John Dart purchased 1,500 shares of George Weston Limited stock in a transaction dated Wednesday, May 10th. The stock was bought at an average cost of C$26.06 per share, with a total value of C$39,090.00. Also, Director Mary Diane Wendy Rebanks purchased 9,700 shares of George Weston Limited stock in a transaction dated Friday, June 9th. The stock was bought at an average cost of C$25.90 per share, with a total value of C$251,230.00.
George Weston Limited Company Profile
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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