George Weston (TSE:WN) had its target price upped by BMO Capital Markets from C$106.00 to C$166.00 in a research note published on Wednesday morning, BayStreet.CA reports.
Other research analysts have also issued research reports about the stock. CIBC upped their price objective on shares of George Weston from C$107.00 to C$109.00 in a research note on Wednesday, February 27th. Royal Bank of Canada upped their price objective on shares of George Weston from C$138.00 to C$139.00 and gave the company an outperform rating in a research note on Tuesday, February 26th.
George Weston stock opened at C$100.83 on Wednesday. The company has a market capitalization of $15.47 billion and a price-to-earnings ratio of 25.25. The company has a current ratio of 1.23, a quick ratio of 0.67 and a debt-to-equity ratio of 119.35. George Weston has a twelve month low of C$86.72 and a twelve month high of C$111.64.
In other news, Senior Officer Gordon Andrew Mcdonald Currie sold 3,447 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$91.97, for a total transaction of C$317,022.66. Following the transaction, the insider now owns 20,278 shares in the company, valued at approximately C$1,864,979.83. Also, Director Paviter Singh Binning sold 6,771 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$91.97, for a total transaction of C$622,732.93. Following the transaction, the director now owns 72,278 shares in the company, valued at approximately C$6,647,451.03. In the last quarter, insiders sold 22,857 shares of company stock worth $2,116,093.
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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