A number of other analysts have also weighed in on WN. Royal Bank Of Canada upped their target price on George Weston Limited from C$148.00 to C$155.00 and gave the stock an outperform rating in a report on Tuesday, May 9th. CIBC lowered their target price on George Weston Limited from C$127.00 to C$126.00 in a report on Wednesday, May 10th. Scotiabank upped their target price on George Weston Limited from C$127.00 to C$136.00 and gave the stock an outperform rating in a report on Wednesday, May 10th. Barclays PLC lowered George Weston Limited from an overweight rating to an equal weight rating and decreased their price objective for the company from C$131.04 to C$117.00 in a report on Friday, July 28th. Finally, George Weston Ltd. lowered George Weston Limited from an overweight rating to an equal weight rating and decreased their price objective for the company from C$131.04 to C$117.00 in a report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of C$126.50.
Shares of George Weston Limited (TSE:WN) opened at 107.64 on Monday. The company has a market cap of $13.75 billion and a P/E ratio of 23.09. The stock’s 50 day moving average price is $112.71 and its 200 day moving average price is $115.84. George Weston Limited has a 12-month low of $100.41 and a 12-month high of $125.67.
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The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a dividend of $0.455 per share. This is an increase from George Weston Limited’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 14th.
In other George Weston Limited news, Director Mary Diane Wendy Rebanks bought 9,700 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were purchased at an average cost of C$25.90 per share, for a total transaction of C$251,230.00. Also, Director Robert John Dart sold 500 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of C$123.25, for a total value of C$61,625.00.
About George Weston Limited
George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.
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