George Weston (TSE:WN) Price Target Increased to C$193.00 by Analysts at CIBC

George Weston (TSE:WNGet Rating) had its price target upped by CIBC from C$188.00 to C$193.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

WN has been the subject of several other research reports. Scotiabank lowered their price objective on shares of George Weston from C$177.00 to C$176.00 in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of George Weston from C$179.00 to C$198.00 and gave the company an outperform rating in a research report on Thursday, July 28th.

George Weston Stock Performance

WN opened at C$150.58 on Tuesday. The stock has a market capitalization of C$21.80 billion and a price-to-earnings ratio of 20.02. The company has a fifty day moving average of C$151.53 and a 200 day moving average of C$150.04. George Weston has a fifty-two week low of C$128.11 and a fifty-two week high of C$162.51. 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 posted its earnings results on Tuesday, May 10th. The company reported C$1.90 earnings per share for the quarter. The company had revenue of C$12.41 billion for the quarter. As a group, sell-side analysts forecast that George Weston will post 10.7900001 earnings per share for the current fiscal year.

George Weston Increases Dividend

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

Insider Transactions at George Weston

In other news, Director Alannah Elizabeth Weston sold 7,300 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 44,965 shares in the company, valued at approximately C$6,510,414.90.

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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