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RBC Capital Sticks to Their Buy Rating for George Weston (WN)

Tipranks - Tipranks - Fri Mar 6, 7:18AM CST

RBC Capital analyst Irene Nattel reiterated a Buy rating on George Weston yesterday and set a price target of C$117.00. The company’s shares closed yesterday at C$95.21.

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Nattel covers the Consumer Defensive sector, focusing on stocks such as Loblaw Companies, Empire Co Cl A NV, and Saputo Inc.. According to TipRanks, Nattel has an average return of 17.9% and a 68.54% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for George Weston with a C$116.00 average price target, representing a 21.84% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a C$121.00 price target.

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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

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