George Weston (TSE:WN) Price Target Cut to C$176.00 by Analysts at Scotiabank

George Weston (TSE:WNGet Rating) had its target price reduced by Scotiabank from C$177.00 to C$176.00 in a report released on Tuesday morning, BayStreet.CA reports.

Several other research firms have also recently weighed in on WN. CIBC boosted their price target on shares of George Weston from C$177.00 to C$188.00 and gave the stock an outperform rating in a report on Thursday, May 12th. Royal Bank of Canada boosted their price target on shares of George Weston from C$179.00 to C$198.00 and gave the stock an outperform rating in a report on Thursday, July 28th.

George Weston Stock Down 1.5 %

George Weston stock opened at C$150.58 on Tuesday. George Weston has a fifty-two week low of C$128.11 and a fifty-two week high of C$162.51. The stock has a market cap of C$21.80 billion and a PE ratio of 20.02. The firm’s 50-day simple moving average is C$151.53 and its 200 day simple moving average is C$150.04. The company has a debt-to-equity ratio of 148.99, a quick ratio of 0.82 and a current ratio of 1.47.

George Weston (TSE:WNGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported C$1.90 earnings per share for the quarter. The firm had revenue of C$12.41 billion for the quarter. Research analysts predict that George Weston will post 10.7900001 EPS for the current fiscal year.

George Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were given a $0.66 dividend. This is a positive change from George Weston’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $2.64 annualized dividend and a yield of 1.75%. George Weston’s payout ratio is currently 32.71%.

Insiders Place Their Bets

In other news, Director Alannah Elizabeth Weston sold 7,300 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of C$144.79, for a total value of C$1,056,956.05. Following the sale, the director now owns 44,965 shares of the company’s stock, valued at C$6,510,414.90.

George Weston Company Profile

(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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