Desjardins Downgrades George Weston (TSE:WN) to Hold

Desjardins cut shares of George Weston (TSE:WNGet Rating) from a buy rating to a hold rating in a research note published on Wednesday, PriceTargets.com reports.

Several other analysts have also commented on the stock. CIBC raised their price objective on shares of George Weston from C$193.00 to C$204.00 and gave the stock an outperform rating in a report on Wednesday. Royal Bank of Canada lifted their target price on shares of George Weston from C$197.00 to C$203.00 and gave the company an outperform rating in a report on Friday, November 18th. Scotiabank lifted their target price on shares of George Weston from C$168.00 to C$175.00 in a report on Wednesday. TD Securities lifted their target price on shares of George Weston from C$185.00 to C$190.00 and gave the company a buy rating in a report on Friday, November 18th. Finally, BMO Capital Markets lifted their target price on shares of George Weston from C$166.00 to C$172.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, George Weston presently has a consensus rating of Moderate Buy and an average target price of C$183.67.

George Weston Stock Performance

Shares of WN opened at C$165.90 on Wednesday. The company has a debt-to-equity ratio of 150.48, a current ratio of 1.38 and a quick ratio of 0.78. George Weston has a one year low of C$130.81 and a one year high of C$166.09. The company has a 50-day simple moving average of C$148.87 and a two-hundred day simple moving average of C$151.19. The firm has a market capitalization of C$24.01 billion and a PE ratio of 14.89.

George Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Thursday, December 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, December 14th. George Weston’s dividend payout ratio (DPR) is currently 22.08%.

About George Weston

(Get Rating)

George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). 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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