Weston George (WN) Gets a Hold Rating from CIBC

By Carrie Williams

Today, an analyst has provided a rating update for the Services sector company, Weston George (WNResearch Report). The company received a Hold rating from CIBC’s analyst Mark Petrie, with a C$113 price target.

According to TipRanks.com, Petrie is ranked #216 out of 5174 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Weston George with a C$110 average price target.

Based on Weston George’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$11.72 billion and net profit of C$281 million. In comparison, last year the company earned revenue of C$10.74 billion and had a net profit of C$190 million.

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

The company’s shares closed on Monday at C$100.68.