CIBC Increases George Weston (TSE:WN) Price Target to C$235.00

George Weston (TSE:WN) had its price objective lifted by CIBC from C$222.00 to C$235.00 in a report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on WN. Scotiabank increased their price target on George Weston from C$200.00 to C$212.00 and gave the company a sector perform rating in a research report on Monday. BMO Capital Markets raised their target price on shares of George Weston from C$185.00 to C$196.00 in a report on Wednesday. TD Securities boosted their price target on shares of George Weston from C$226.00 to C$227.00 and gave the stock a buy rating in a report on Monday. Desjardins raised their price objective on shares of George Weston from C$205.00 to C$212.00 in a report on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of George Weston from C$216.00 to C$218.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$216.67.

George Weston Price Performance

Shares of WN opened at C$190.50 on Wednesday. The company has a market cap of C$25.61 billion, a P/E ratio of 17.70, a PEG ratio of 1.70 and a beta of 0.38. George Weston has a fifty-two week low of C$144.41 and a fifty-two week high of C$194.02. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 158.23. The firm’s 50 day moving average price is C$181.00 and its 200 day moving average price is C$170.65.

George Weston (TSE:WN) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. The business had revenue of C$14.70 billion during the quarter. George Weston had a net margin of 2.56% and a return on equity of 19.71%. On average, research analysts forecast that George Weston will post 11.8758003 earnings per share for the current fiscal year.

George Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from George Weston’s previous quarterly dividend of $0.71. George Weston’s payout ratio is currently 26.49%.

Insider Activity at George Weston

In other news, Senior Officer Andrew Michael Bunston sold 2,303 shares of George Weston stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$183.27, for a total transaction of C$422,079.10. In other news, Senior Officer Andrew Michael Bunston sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total transaction of C$422,079.10. Also, Senior Officer Rashid Wasti sold 1,500 shares of George Weston stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$181.65, for a total transaction of C$272,475.00. Insiders have sold 151,008 shares of company stock valued at $24,350,724 in the last ninety days. Insiders own 58.21% of the company’s stock.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. 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 and healthcare services, health and beauty products, apparel, general merchandise, and financial services.