George Weston Limited (TSE:WN – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$104.75 and last traded at C$104.75, with a volume of 88251 shares trading hands. The stock had previously closed at C$101.91.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. TD Securities upped their target price on shares of George Weston from C$108.00 to C$121.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce decreased their price objective on shares of George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. Finally, Scotia cut their target price on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$108.86.
George Weston Price Performance
George Weston (TSE:WN – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share for the quarter. George Weston had a return on equity of 21.74% and a net margin of 1.80%.The business had revenue of C$14.64 billion for the quarter. On average, equities research analysts anticipate that George Weston Limited will post 13.0245758 earnings per share for the current fiscal year.
George Weston Company Profile
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%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.
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