George Weston (WN) Gets a Buy from CIBC
In a report released yesterday, Mark Petrie from CIBC maintained a Buy rating on George Weston, with a price target of C$117.00. The company’s shares closed yesterday at C$93.82.
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According to TipRanks, Petrie is a 5-star analyst with an average return of 17.2% and a 66.67% success rate. Petrie covers the Consumer Cyclical sector, focusing on stocks such as Gildan Activewear, Pet Valu Holdings Ltd., and A & W Food Services of Canada Inc..
Currently, the analyst consensus on George Weston is a Moderate Buy with an average price target of C$112.33.
Based on George Weston’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$15.86 billion and a net profit of C$290 million. In comparison, last year the company earned a revenue of C$15.1 billion and had a net profit of C$674 million
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WN in relation to earlier this year.
