George Weston Limited (WN) Price Target Lowered to C$115.00 at Barclays PLC

George Weston Limited (TSE:WN) had its price objective cut by equities research analysts at Barclays PLC from C$117.00 to C$115.00 in a research note issued on Monday, July 31st. Barclays PLC’s price target would suggest a potential upside of 6.27% from the company’s previous close.

Several other equities analysts have also recently weighed in on WN. George Weston Ltd. cut George Weston Limited from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from C$131.04 to C$117.00 in a research report on Monday, July 31st. CIBC reduced their target price on George Weston Limited from C$126.00 to C$123.00 in a research report on Monday, July 31st. Royal Bank Of Canada reduced their target price on George Weston Limited from C$149.00 to C$147.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Finally, Scotiabank reduced their target price on George Weston Limited from C$136.00 to C$130.00 and set an “outperform” rating for the company in a research report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. George Weston Limited currently has a consensus rating of “Buy” and an average target price of C$126.50.

Shares of George Weston Limited (TSE WN) traded up 0.09% during trading on Monday, reaching $108.22. The company’s stock had a trading volume of 129,760 shares. George Weston Limited has a 52 week low of $100.41 and a 52 week high of $125.67. The company has a market cap of $13.83 billion and a PE ratio of 23.22. The stock’s 50 day moving average price is $114.15 and its 200 day moving average price is $115.98.

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In other George Weston Limited news, Director Robert John Dart sold 500 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of C$123.25, for a total transaction of C$61,625.00. Also, Director Mary Diane Wendy Rebanks purchased 9,700 shares of the stock in a transaction on Friday, June 9th. The shares were acquired at an average cost of C$25.90 per share, with a total value of C$251,230.00.

George Weston Limited Company Profile

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.

Analyst Recommendations for George Weston Limited (TSE:WN)

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