Investment analysts at RBC Capital boosted their target price on shares of George Weston (TSE: WN) from $70.00 to $72.00 in a note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock.
Shares of George Weston traded down 0.91% during mid-day trading on Friday, hitting $73.87. George Weston has a 52 week low of $57.00 and a 52 week high of $74.60. The stock’s 50-day moving average is currently $72.44. The company has a market cap of $9.469 billion and a P/E ratio of 19.67.
WN has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of George Weston from $76.00 to $77.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Octagon Capital raised their price target on shares of George Weston from $72.00 to $76.50 in a research note to investors on Friday. They now have a “hold” rating on the stock.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.06%.
George Weston Limited (GWL) is engaged in food processing and distribution. The Company operates in two segments: Loblaw Companies Limited (Loblaw) and Weston Foods, and holds cash and short term investments.
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