CIBC Boosts George Weston (OTCMKTS:WNGRF) Price Target to $126.00

George Weston (OTCMKTS:WNGRF) had its price objective raised by CIBC from $124.00 to $126.00 in a research report report published on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on WNGRF. Royal Bank of Canada upped their target price on George Weston from $128.00 to $129.00 and gave the stock an outperform rating in a report on Tuesday, July 28th. Scotiabank decreased their price objective on George Weston from $117.00 to $116.00 and set an outperform rating for the company in a research note on Wednesday.

Shares of WNGRF stock opened at $75.00 on Wednesday. George Weston has a twelve month low of $60.83 and a twelve month high of $85.14. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 18.38 and a beta of 0.56. The stock has a fifty day simple moving average of $73.27 and a two-hundred day simple moving average of $74.06. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 1.28.

George Weston (OTCMKTS:WNGRF) last issued its earnings results on Tuesday, May 5th. The company reported $1.16 earnings per share for the quarter. George Weston had a return on equity of 7.88% and a net margin of 1.71%. The business had revenue of $9.20 billion during the quarter.

About George Weston

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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