George Weston (TSE:WN) had its price target dropped by research analysts at BMO Capital Markets from C$116.00 to C$110.00 in a note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 5.21% from the company’s current price.

Separately, CIBC raised their price target on shares of George Weston from C$114.00 to C$116.00 in a research note on Monday.

Shares of WN traded up C$0.26 during mid-day trading on Monday, hitting C$104.55. 106,009 shares of the company’s stock were exchanged, compared to its average volume of 188,257. The firm has a market capitalization of $16.00 billion and a P/E ratio of -103.21. George Weston has a 52 week low of C$86.72 and a 52 week high of C$110.14. The stock has a 50-day moving average of C$100.65. The company has a debt-to-equity ratio of 163.12, a quick ratio of 0.64 and a current ratio of 1.21.

George Weston (TSE:WN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$1.30 earnings per share for the quarter. The business had revenue of C$11.17 billion for the quarter. On average, equities research analysts anticipate that George Weston will post 7.3999996 EPS for the current year.

In related news, Senior Officer Rashid Wasti acquired 400 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of C$100.83 per share, with a total value of C$40,332.00. Following the acquisition, the insider now owns 10,200 shares in the company, valued at approximately C$1,028,466. Also, Senior Officer Gordon Andrew Mcdonald Currie sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$102.22, for a total value of C$2,555,467.50. Following the completion of the sale, the insider now directly owns 20,278 shares of the company’s stock, valued at approximately C$2,072,790.80.

George Weston Company Profile

George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company operates through three segments: Weston Foods, Loblaw, and Choice Properties. The Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, tortillas, cakes, donuts, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience store chains, food service distributors, and outlets.

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