Can George Weston Limited’s Tomorrow be Different? The Stock Declines Again

 Can George Weston Limited's Tomorrow be Different? The Stock Declines Again

The stock of George Weston Limited (TSE:WN) is a huge mover today! The stock decreased 3.23% or $3.53 on November 2, hitting $105.59. About 306,272 shares traded hands or 171.90% up from the average. George Weston Limited (TSE:WN) has declined 5.95% since March 29, 2016 and is downtrending. It has underperformed by 8.47% the S&P500.
The move comes after 9 months negative chart setup for the $13.48 billion company. It was reported on Nov, 2 by Barchart.com. We have $96.09 PT which if reached, will make TSE:WN worth $1.21 billion less.

George Weston Limited (TSE:WN) Ratings Coverage

Out of 5 analysts covering George Weston Limited (TSE:WN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. George Weston Limited has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the stock with “Market Perform” rating in Wednesday, November 2 report. Scotia Capital maintained the shares of WN in a report on Friday, July 29 with “Outperform” rating. IBC upgraded the shares of WN in a report on Wednesday, November 25 to “Target Price” rating.

More notable recent George Weston Limited (TSE:WN) news were published by: Business.Financialpost.com which released: “W. Galen Weston steps down as executive chairman of George Weston Ltd and …” 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, 2014, 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: “3 Reasons Why George Weston Limited Belongs in Your Portfolio” with publication date: March 31, 2015.

George Weston Ltd is a holding company that is engaged in food processing and distribution business. The company has a market cap of $13.48 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 29.97 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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