BMO Capital Markets Lowers George Weston (TSE:WN) Price Target to C$110.00

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George Weston (TSE:WN) had its price objective trimmed by BMO Capital Markets from C$116.00 to C$110.00 in a research note published on Monday, BayStreet.CA reports.

Separately, CIBC upped their price target on shares of George Weston from C$114.00 to C$116.00 in a research report on Monday.

WN stock opened at C$106.38 on Monday. The stock’s 50 day moving average is C$100.91. The firm has a market cap of $16.00 billion and a PE ratio of -105.01. George Weston has a 1 year low of C$86.72 and a 1 year high of C$107.05. The company has a debt-to-equity ratio of 163.12, a quick ratio of 0.64 and a current ratio of 1.21.

George Weston (TSE:WN) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$1.30 earnings per share (EPS) for the quarter. The business had revenue of C$11.17 billion during the quarter. On average, analysts predict that George Weston will post 7.3999996 EPS 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 transaction of C$2,555,467.50. Following the completion of the sale, the insider now directly owns 20,278 shares in the company, valued at C$2,072,790.80. Also, Senior Officer Rashid Wasti acquired 600 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average price of C$101.96 per share, with a total value of C$61,177.98. Following the completion of the transaction, the insider now owns 9,300 shares of the company’s stock, valued at C$948,258.69.

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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