CIBC Issues Positive Forecast for George Weston (TSE:WN) Stock Price

George Weston (TSE:WN) had its target price hoisted by CIBC from C$100.00 to C$112.00 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 20.39% from the company’s current price.

Several other equities research analysts also recently commented on WN. TD Securities lifted their target price on shares of George Weston from C$105.00 to C$108.00 in a research report on Thursday. BMO Capital Markets raised their target price on George Weston from C$90.33 to C$94.67 in a research report on Wednesday, July 30th. Scotiabank increased their price target on George Weston from C$95.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. Royal Bank Of Canada upped their target price on George Weston from C$105.33 to C$107.67 in a report on Wednesday, July 30th. Finally, Desjardins boosted their price target on shares of George Weston from C$100.00 to C$101.67 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, George Weston currently has an average rating of “Moderate Buy” and an average target price of C$104.39.

George Weston Stock Performance

TSE WN traded up C$0.47 during trading on Monday, reaching C$93.03. The company’s stock had a trading volume of 127,820 shares, compared to its average volume of 380,879. The firm has a 50 day moving average price of C$86.29 and a 200 day moving average price of C$88.06. George Weston has a 12 month low of C$70.92 and a 12 month high of C$93.62. The firm has a market capitalization of C$35.81 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 5.03 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.73 and a debt-to-equity ratio of 372.50.

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%.