George Weston Limited (TSE:WN) Receives Average Rating of “Buy” from Analysts

George Weston Limited (TSE:WN) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$147.43.

Several brokerages have recently issued reports on WN. CIBC raised their price objective on George Weston from C$141.00 to C$153.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 3rd. Royal Bank of Canada lifted their price target on George Weston from C$154.00 to C$162.00 and gave the company an “outperform” rating in a research report on Friday, November 19th. Cfra set a C$135.00 price target on George Weston in a research report on Friday, August 6th. Scotiabank lifted their price target on George Weston from C$121.00 to C$134.00 and gave the company an “outperform” rating in a research report on Monday, August 2nd. Finally, TD Securities lifted their price target on George Weston from C$160.00 to C$170.00 and gave the company a “buy” rating in a research report on Monday, November 15th.

Shares of TSE:WN traded up C$0.45 during trading on Thursday, hitting C$140.06. The stock had a trading volume of 63,525 shares, compared to its average volume of 177,616. George Weston has a 12-month low of C$91.95 and a 12-month high of C$142.93. The stock has a market capitalization of C$21.09 billion and a price-to-earnings ratio of 33.86. The company has a quick ratio of 0.69, a current ratio of 1.24 and a debt-to-equity ratio of 157.52. The stock has a 50-day simple moving average of C$136.18 and a two-hundred day simple moving average of C$127.33.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 1st. Investors of record on Wednesday, December 15th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.71%. George Weston’s payout ratio is 52.55%.

In related news, Senior Officer Rashid Wasti sold 4,562 shares of the business’s stock in a transaction on Friday, September 3rd. The stock was sold at an average price of C$136.75, for a total value of C$623,853.50. Following the sale, the insider now owns 9,000 shares in the company, valued at approximately C$1,230,750.

George Weston Company Profile

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