George Weston (TSE:WN) Upgraded to “Outperform” at BMO Capital Markets

George Weston (TSE:WN – Get Free Report) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a C$113.00 price target on the stock, up from their prior price target of C$103.00. BMO Capital Markets’ price objective points to a potential upside of 7.29% from the stock’s current price.

Several other analysts also recently commented on the company. Canadian Imperial Bank of Commerce cut their target price on George Weston from C$127.00 to C$117.00 in a research note on Wednesday, May 13th. Scotia reduced their price target 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and a consensus price target of C$111.00.

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George Weston Stock Up 1.4%

Shares of TSE WN traded up C$1.45 during mid-day trading on Monday, hitting C$105.32. 102,390 shares of the stock traded hands, compared to its average volume of 343,564. The company has a debt-to-equity ratio of 411.08, a quick ratio of 0.73 and a current ratio of 1.11. The company has a market cap of C$39.71 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 5.03 and a beta of 0.31. The stock has a fifty day moving average price of C$100.09 and a 200-day moving average price of C$98.55. George Weston has a 52 week low of C$82.77 and a 52 week high of C$106.99.

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 net margin of 1.80% and a return on equity of 21.74%. The firm had revenue of C$14.64 billion for the quarter. Research analysts anticipate that George Weston will post 13.0245758 EPS for the current year.

George Weston Company Profile

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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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