Could George Weston Limited Change Direction After Today’s Huge Decline?

 Could George Weston Limited Change Direction After Today's Huge Decline?

The stock of George Weston Limited (TSE:WN) is a huge mover today! About 30,227 shares traded hands. George Weston Limited (TSE:WN) has declined 2.28% since March 14, 2016 and is downtrending. It has underperformed by 7.83% the S&P500.
The move comes after 5 months negative chart setup for the $13.98B company. It was reported on Oct, 19 by Barchart.com. We have $101.98 PT which if reached, will make TSE:WN worth $838.80M less.

George Weston Limited (TSE:WN) Ratings Coverage

Out of 5 analysts covering George Weston Limited (TSE:WN), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. George Weston Limited has been the topic of 14 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of WN in a report on Friday, July 29 with “Outperform” rating. The rating was upgraded by IBC to “Target Price” on Wednesday, November 25.

More notable recent George Weston Limited (TSE:WN) news were published by: Business.Financialpost.com which released: “As W. Galen Weston passes baton to son, George Weston Ltd shows its …” on September 14, 2016, also Forbes.com with their article: “George Weston Limited’s Preferred Shares Series III Goes Ex-Dividend Soon” published on December 09, 2013, Seekingalpha.com published: “George Weston Limited’s (WNGRF) CEO Pavi Binning on Q2 2016 Results – Earnings …” on July 29, 2016. More interesting news about George Weston Limited (TSE:WN) were released by: Fool.ca and their article: “It’s Time for George Weston Limited to Spin Off the Bakery” published on September 07, 2016 as well as Fool.ca‘s news article titled: “How to Get a 5.7% Yield From George Weston Limited” with publication date: May 15, 2015.

George Weston Ltd is a holding company that is engaged in food processing and distribution business. The company has a market cap of $13.98 billion. It operates through two divisions: Weston Foods and Loblaw, and holds cash, short term investments and a direct investment in Choice Properties Real Estate Investment Trust . It has a 30.79 P/E ratio. The Loblaw segment, which is operated by Loblaw Companies Limited includes retail businesses, a bank and Choice Properties.

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