George Weston (TSE:WN) had its price objective lifted by analysts at CIBC from C$114.00 to C$116.00 in a report issued on Monday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 10.95% from the stock’s current price.
Separately, BMO Capital Markets downgraded shares of Capital Power from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th.
WN traded up C$0.26 on Monday, hitting C$104.55. 106,009 shares of the company were exchanged, compared to its average volume of 188,257. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 163.12. The business has a fifty day moving average price of C$100.65. George Weston has a fifty-two week low of C$86.72 and a fifty-two week high of C$110.14. The firm has a market capitalization of $16.00 billion and a price-to-earnings ratio of -103.23.
George Weston (TSE:WN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$1.30 earnings per share (EPS) for the quarter. The firm had revenue of C$11.17 billion for the quarter. On average, sell-side analysts predict that George Weston will post 7.3999996 earnings per share for the current fiscal year.
In other news, Senior Officer Gordon Andrew Mcdonald Currie sold 25,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$102.22, for a total value of C$2,555,467.50. Following the completion of the sale, the insider now owns 20,278 shares of the company’s stock, valued at C$2,072,790.80. Also, Senior Officer Rashid Wasti acquired 400 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of C$100.83 per share, with a total value of C$40,332.00. Following the transaction, the insider now directly owns 10,200 shares of the company’s stock, valued at C$1,028,466.
About George Weston
George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company operates through three segments: Weston Foods, Loblaw, and Choice Properties. The Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, tortillas, cakes, donuts, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience store chains, food service distributors, and outlets.
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