Scotiabank Reaffirms Their Buy Rating on Weston George

By Carrie Williams

On July 28, an analyst has provided a rating update for the Services sector company, Weston George (TSX: WN). Scotiabank’s analyst Patricia Baker reiterates their Buy rating on the shares, with a C$130 price target.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 9.2% and a 58.8% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Alimentation Couche Tard, and Loblaw Companies Limited.

Currently, the analyst consensus on Weston George is Moderate Buy and the average price target is C$130.67, representing a 18.8% upside.

In a report issued on July 27, RBC Capital also reiterated a Buy rating on the stock with a C$145 price target.

The company has a one year high of C$125.67 and a one year low of C$100.41. Currently, Weston George has an average volume of 142.1K.

George Weston Ltd. engages in the food processing and distribution of fresh and frozen baked goods and other foods. It operates through two segments: Weston Foods and Loblaw.

The company’s shares closed on Friday at C$110.