Desjardins Remains a Buy on George Weston (WN)

In a report released today, from Desjardins maintained a Buy rating on George Weston, with a price target of C$305.00. The company’s shares closed today at C$263.00.

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Currently, the analyst consensus on George Weston is a Moderate Buy with an average price target of C$300.83, representing a 14.38% upside. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$323.00 price target.

Based on George Weston’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$14.29 billion and a net profit of C$93 million. In comparison, last year the company earned a revenue of C$13.74 billion and had a net profit of C$246 million

Based on the recent corporate insider activity of 125 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.