George Weston Limited (TSE:WN) Receives C$216.67 Consensus Target Price from Analysts

George Weston Limited (TSE:WNGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$216.67.

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of George Weston from C$185.00 to C$196.00 in a research report on Wednesday, May 8th. TD Securities increased their price objective on shares of George Weston from C$226.00 to C$227.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Scotiabank boosted their target price 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, May 6th. CIBC increased their price target on George Weston from C$222.00 to C$235.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada boosted their price objective on George Weston from C$216.00 to C$218.00 and gave the company an “outperform” rating in a report on Thursday, February 29th.

Get Our Latest Stock Report on George Weston

George Weston Price Performance

George Weston stock opened at C$192.87 on Tuesday. The stock’s 50 day moving average is C$184.93 and its 200 day moving average is C$174.77. George Weston has a one year low of C$144.41 and a one year high of C$198.25. The firm has a market cap of C$25.80 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.70 and a beta of 0.38. The company has a debt-to-equity ratio of 159.31, a current ratio of 1.25 and a quick ratio of 0.73.

George Weston (TSE:WNGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported C$2.30 earnings per share for the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. As a group, research analysts expect that George Weston will post 12.1466667 EPS for the current year.

George Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 15th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, June 14th. This is an increase from George Weston’s previous quarterly dividend of $0.71. George Weston’s dividend payout ratio (DPR) is 34.64%.

Insider Transactions at George Weston

In other George Weston news, Senior Officer Andrew Michael Bunston sold 1,606 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$181.51, for a total value of C$291,506.51. In other George Weston news, Senior Officer Andrew Michael Bunston sold 1,606 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$181.51, for a total transaction of C$291,506.51. Also, Senior Officer Rashid Wasti sold 1,086 shares of George Weston stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$176.24, for a total transaction of C$191,393.60. Insiders sold a total of 83,115 shares of company stock worth $15,155,381 in the last quarter. Insiders own 58.49% of the company’s stock.

About George Weston

(Get Free Report

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.

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Analyst Recommendations for George Weston (TSE:WN)

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