George Weston Limited (WN) Price Target Lowered to C$123.00 at CIBC

George Weston Limited (TSE:WN) had its price objective decreased by CIBC from C$126.00 to C$123.00 in a research note published on Monday, July 31st.

WN has been the topic of a number of other research reports. Royal Bank Of Canada boosted their target price on George Weston Limited from C$148.00 to C$155.00 and gave the company an outperform rating in a report on Tuesday, May 9th. Barclays PLC lowered George Weston Limited from an overweight rating to an equal weight rating and dropped their target price for the company from C$131.04 to C$117.00 in a report on Friday, July 28th. George Weston Ltd. lowered George Weston Limited from an overweight rating to an equal weight rating and dropped their target price for the company from C$131.04 to C$117.00 in a report on Monday, July 31st. Finally, Scotiabank dropped their target price on George Weston Limited from C$136.00 to C$130.00 and set an outperform rating on the stock in a report on Monday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$126.50.

Shares of George Weston Limited (TSE WN) opened at 107.64 on Monday. The firm has a market cap of $13.75 billion and a PE ratio of 23.09. George Weston Limited has a 52 week low of $100.41 and a 52 week high of $125.67. The stock’s 50 day moving average is $112.71 and its 200-day moving average is $115.84.

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The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, September 14th. This is a positive change from George Weston Limited’s previous quarterly dividend of $0.43.

In other news, Director Mary Diane Wendy Rebanks bought 9,700 shares of the stock in a transaction on Friday, June 9th. The shares were bought at an average price of C$25.90 per share, with a total value of C$251,230.00. Also, Director Robert John Dart sold 500 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of C$123.25, for a total value of C$61,625.00.

About George Weston Limited

George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.

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