George Weston (WN) Reaches New 1-Year Low at $104.11

George Weston Limited (TSE:WN) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$104.11 and last traded at C$104.57, with a volume of 65988 shares traded. The stock had previously closed at C$105.17.

Several research firms recently weighed in on WN. Barclays cut shares of George Weston from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from C$115.00 to C$114.00 in a research report on Thursday, November 16th. Royal Bank of Canada decreased their price objective on shares of George Weston from C$145.00 to C$144.00 and set an “outperform” rating on the stock in a research report on Monday, November 20th. BMO Capital Markets restated an “outperform” rating and issued a C$129.00 price objective on shares of George Weston in a research report on Wednesday, November 22nd. Scotiabank decreased their price objective on shares of George Weston from C$130.00 to C$115.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 22nd. Finally, CIBC decreased their price objective on shares of George Weston from C$123.00 to C$119.00 in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$122.83.

The stock has a market capitalization of $13,580.00, a PE ratio of 17.54 and a beta of 0.36.

George Weston (TSE:WN) last issued its quarterly earnings results on Tuesday, November 21st. The company reported C$2.14 EPS for the quarter. George Weston had a net margin of 6.17% and a return on equity of 19.44%. The business had revenue of C$14.65 billion for the quarter.

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About George Weston

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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