George Weston (TSE:WN) Given New C$108.00 Price Target at TD Securities

George Weston (TSE:WN) had its price target upped by research analysts at TD Securities from C$105.00 to C$108.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 18.80% from the company’s current price.

Several other analysts have also recently commented on WN. Scotiabank increased their target price on George Weston from C$95.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. Desjardins lifted their target price on shares of George Weston from C$100.00 to C$101.67 and gave the stock a “buy” rating in a report on Wednesday, July 30th. BMO Capital Markets raised their price target on George Weston from C$90.33 to C$94.67 in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their target price on George Weston from C$105.33 to C$107.67 in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, George Weston currently has an average rating of “Moderate Buy” and an average target price of C$101.61.

George Weston Price Performance

TSE:WN traded up C$1.22 on Thursday, reaching C$90.91. The stock had a trading volume of 97,162 shares, compared to its average volume of 381,361. George Weston has a 1-year low of C$70.92 and a 1-year high of C$93.62. The stock has a fifty day moving average price of C$86.18 and a 200-day moving average price of C$88.01. The company has a quick ratio of 0.73, a current ratio of 1.32 and a debt-to-equity ratio of 372.50. The company has a market capitalization of C$35.00 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 5.03 and a beta of 0.47.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%.