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.

Read More: How interest rates affect municipal bond prices

Analyst Recommendations for George Weston (TSE:WN)

Receive News & Ratings for George Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for George Weston and related companies with MarketBeat.com's FREE daily email newsletter.