CIBC Raises George Weston (TSE:WN) Price Target to C$296.00

George Weston (TSE:WN) had its price target lifted by investment analysts at CIBC from C$268.00 to C$296.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 12.05% from the company’s previous close.

Several other research analysts have also issued reports on the company. Scotiabank upped their target price on George Weston from C$241.00 to C$285.00 and gave the company a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on shares of George Weston from C$264.00 to C$284.00 in a research note on Monday, April 14th. TD Securities upped their price target on shares of George Weston from C$256.00 to C$308.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, Desjardins lowered their price objective on shares of George Weston from C$255.00 to C$251.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$274.25.

George Weston Trading Down 2.9 %

TSE:WN opened at C$264.16 on Wednesday. The firm has a 50 day moving average of C$246.86 and a 200 day moving average of C$232.56. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. George Weston has a 52 week low of C$184.95 and a 52 week high of C$273.19. The stock has a market capitalization of C$34.29 billion, a price-to-earnings ratio of 52.87, a PEG ratio of 5.03 and a beta of 0.42.

Insider Buying and Selling at George Weston

In related news, Senior Officer Rashid Wasti sold 250 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$231.30, for a total value of C$57,825.00. Also, Director Willard Galen Garfield Weston sold 57,463 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$231.03, for a total value of C$13,275,441.29. In the last quarter, insiders purchased 4,000 shares of company stock worth $90,780 and sold 97,461 shares worth $23,307,577. Company insiders own 59.41% of the company’s stock.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%.