George Weston Limited (WN) Lowered to “Underweight” at Barclays PLC

Barclays PLC lowered shares of George Weston Limited (TSE:WN) from an equal weight rating to an underweight rating in a research report sent to investors on Thursday. They currently have C$114.00 target price on the stock, down from their prior target price of C$115.00.

Several other brokerages have also recently issued reports on WN. Royal Bank Of Canada decreased their price objective on George Weston Limited from C$147.00 to C$145.00 and set an outperform rating for the company in a report on Thursday, August 3rd. BMO Capital Markets reissued an outperform rating and issued a C$129.00 price objective on shares of George Weston Limited in a report on Monday, July 31st. Scotiabank decreased their price objective on George Weston Limited from C$136.00 to C$130.00 and set an outperform rating for the company in a report on Monday, July 31st. CIBC decreased their price objective on George Weston Limited from C$126.00 to C$123.00 in a report on Monday, July 31st. Finally, George Weston Ltd. cut George Weston Limited from an overweight rating to an equal weight rating and decreased their price objective for the company from C$131.04 to C$117.00 in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. George Weston Limited has an average rating of Hold and an average price target of C$126.33.

George Weston Limited (TSE:WN) traded up C$0.44 during trading on Thursday, reaching C$112.15. The company’s stock had a trading volume of 151,989 shares, compared to its average volume of 130,519. George Weston Limited has a twelve month low of C$104.49 and a twelve month high of C$125.67.

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George Weston Limited Company Profile

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.

Analyst Recommendations for George Weston Limited (TSE:WN)

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