Weston George was Downgraded to a Hold Rating at Barclays

By Ryan Adsit

Weston George (TSX: WN), the Services sector company, has received a rating update from a Wall Street analyst on July 27. On July 27, analyst Jim Durran gave a Hold rating to WN and set a C$117 price target.

Durran has an average return of 7.3% when recommending Weston George.

According to TipRanks.com, Durran is ranked #1649 out of 4160 analysts.

Weston George has an analyst consensus of Moderate Buy, with a price target consensus of C$132.67.

Based on Weston George’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$10.8 billion and quarterly net profit of C$117 million. In comparison, last year the company earned revenue of C$11.08 billion and had a net profit of C$143 million.

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.