George Weston Limited (WN) Price Target Cut to C$119.00
George Weston Limited (TSE:WN) had its target price cut by analysts at CIBC from C$123.00 to C$119.00 in a report issued on Wednesday. CIBC’s target price would indicate a potential upside of 9.39% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Barclays PLC reduced their target price on shares of George Weston Limited from C$117.00 to C$115.00 in a research note on Monday, July 31st. George Weston Ltd. lowered shares of George Weston Limited from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from C$131.04 to C$117.00 in a research report on Monday, July 31st. Scotiabank dropped their price target on shares of George Weston Limited from C$136.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Monday, July 31st. Royal Bank Of Canada dropped their price target on shares of George Weston Limited from C$149.00 to C$147.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$129.00 price target on shares of George Weston Limited in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$122.83.
Shares of George Weston Limited (TSE WN) opened at C$108.79 on Wednesday. George Weston Limited has a one year low of C$104.49 and a one year high of C$125.67.
About George Weston Limited
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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