George Weston Limited (TSE:WN – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$106.99 and last traded at C$105.18, with a volume of 24532 shares changing hands. The stock had previously closed at C$103.87.
Wall Street Analyst Weigh In
A number of research firms have recently commented on WN. Canadian Imperial Bank of Commerce dropped their price objective on George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. Scotia decreased their price target on George Weston from C$106.00 to C$102.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$108.86.
Read Our Latest Stock Analysis on WN
George Weston Stock Up 2.1%
George Weston (TSE:WN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.91 earnings per share (EPS) for the quarter. The company had revenue of C$14.64 billion during the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%. On average, equities analysts anticipate that George Weston Limited will post 13.0245758 earnings per share for the current year.
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%. 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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