Weston George (WN) Receives a Buy from RBC Capital

By Jason Carr

Weston George (WNResearch Report), the Services sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from RBC Capital’s analyst Irene Nattel, with a C$125 price target.

According to TipRanks.com, Nattel is a 3-star analyst with an average return of 3.0% and a 51.4% success rate. Nattel covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Casey’s General.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Weston George with a C$111.33 average price target, which is a 17.1% upside from current levels. In a report issued on November 6, BMO Capital also reiterated a Buy rating on the stock with a C$112 price target.

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Based on Weston George’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$11.25 billion and net profit of C$38 million. In comparison, last year the company earned revenue of C$14.65 billion and had a net profit of C$434 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 Friday at C$95.04.