George Weston (WN) Receives a Buy from RBC Capital
RBC Capital analyst Irene Nattel maintained a Buy rating on George Weston on January 22 and set a price target of C$115.00. The company’s shares closed yesterday at C$96.95.
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Nattel covers the Consumer Defensive sector, focusing on stocks such as Loblaw Companies, Maple Leaf Foods, and Metro Inc.. According to TipRanks, Nattel has an average return of 18.0% and a 67.22% success rate on recommended stocks.
Currently, the analyst consensus on George Weston is a Moderate Buy with an average price target of C$107.17.
Based on George Weston’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$19.55 billion and a net profit of C$491 million. In comparison, last year the company earned a revenue of C$18.69 billion and had a net profit of C$29 million
Based on the recent corporate insider activity of 105 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.
