George Weston (TSE:WN) Price Target Raised to C$116.00

George Weston (TSE:WN) had its target price boosted by CIBC from C$114.00 to C$116.00 in a research report sent to investors on Monday, BayStreet.CA reports.

Separately, BMO Capital Markets increased their price objective on George Weston from C$106.00 to C$166.00 in a research report on Wednesday, May 8th.

WN opened at C$106.38 on Monday. The firm has a market capitalization of $16.00 billion and a P/E ratio of -105.01. The company has a debt-to-equity ratio of 163.12, a current ratio of 1.21 and a quick ratio of 0.64. George Weston has a 1-year low of C$86.72 and a 1-year high of C$107.05. The business has a 50 day moving average price of C$100.91.

George Weston (TSE:WN) last released its earnings results on Tuesday, May 7th. The company reported C$1.30 earnings per share for the quarter. The firm had revenue of C$11.17 billion during the quarter. As a group, research analysts predict that George Weston will post 7.3999996 earnings per share for the current fiscal year.

In other news, Senior Officer Rashid Wasti bought 400 shares of the business’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of C$100.83 per share, with a total value of C$40,332.00. Following the purchase, the insider now directly owns 10,200 shares in the company, valued at C$1,028,466. Also, Senior Officer Gordon Andrew Mcdonald Currie sold 25,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$102.22, for a total transaction of C$2,555,467.50. Following the sale, the insider now directly owns 20,278 shares in the company, valued at C$2,072,790.80.

George Weston Company Profile

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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