George Weston (TSE:WN) Price Target Raised to C$212.00 at Desjardins

George Weston (TSE:WN) had its target price lifted by Desjardins from C$205.00 to C$212.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Desjardins also issued estimates for George Weston’s FY2025 earnings at $13.28 EPS.

A number of other brokerages have also commented on WN. CIBC upped their target price on George Weston from C$213.00 to C$222.00 and gave the company an outperform rating in a research note on Thursday, February 29th. BMO Capital Markets increased their price objective on shares of George Weston from C$172.00 to C$185.00 and gave the company an outperform rating in a research note on Friday, March 1st. TD Securities lifted their target price on shares of George Weston from C$226.00 to C$227.00 and gave the company a buy rating in a research report on Monday. Scotiabank upped their target price on shares of George Weston from C$200.00 to C$212.00 and gave the company a sector perform rating in a research note on Monday. Finally, Royal Bank of Canada raised their price target 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, George Weston has a consensus rating of Moderate Buy and an average target price of C$216.67.

George Weston Stock Performance

TSE:WN opened at C$190.50 on Wednesday. The firm has a market capitalization of C$25.61 billion, a PE ratio of 17.70, a PEG ratio of 1.70 and a beta of 0.38. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23. George Weston has a 1 year low of C$144.41 and a 1 year high of C$194.02. The firm’s fifty day simple moving average is C$181.00 and its 200 day simple moving average is C$170.65.

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

George Weston Increases Dividend

The firm also recently declared 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 is a boost from George Weston’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, June 14th. This represents a $3.28 annualized dividend and a dividend yield of 1.72%. George Weston’s payout ratio is currently 26.49%.

Insider Buying and Selling at George Weston

In related news, Director Willard Galen Garfield Weston sold 79,200 shares of George Weston stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. In related news, Senior Officer Andrew Michael Bunston sold 2,303 shares of George Weston stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$183.27, for a total value of C$422,079.10. Also, Director Willard Galen Garfield Weston sold 79,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total transaction of C$11,474,503.92. Over the last ninety days, insiders have sold 151,008 shares of company stock valued at $24,350,724. 58.21% of the stock is currently owned by insiders.

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.