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CIBC World Markets disclosed George Weston Limited (TSE:WN), hiking its stock price target to $122.00 earlier today

Only yesterday George Weston Limited (TSE:WN) traded 0.51% lower at $116.66. George Weston Limited’s 50-day moving average is $114.74 and its two hundred day average is $113.26. The last stock price close is up 3.31% from the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the date range. Trade volume was was up over the average, with 199,637 shares of WN changing hands over the typical 96,241 shares..

George Weston Limited (TSE:WN) had its estimated target price increased to $122 by CIBC World Markets in an issued report released Wednesday August 3 2016. The updated target price suggests a possible upside of 0.05% from the company’s most recent closing price.

Previously on Friday July 29 2016, Scotia Capital released a statement about George Weston Limited(TSE:WN) bumped the target price from $0.00 to $122.00. At the time, this indicated a possible upside of 0.05%.

See Graph Below:

George Weston Limited (TSE:WN)

A total of 7 analysts have released a ratings update on the company. Zero rate the company a strong buy, 0 rate the company a buy, 0 analysts rate the company a hold, 0 rate the stock to underperform, and lastly 0 firmsrate the company as sell with an average target of $97.58

George Weston Limited has a one-year low of $99.25 and a 52 week high of $120.10 with a P/E ratio of 31. The company’s market capitalization is presently $0.0.

General Information About George Weston Limited (TSE:WN)

George Weston Ltd is a holding company that is engaged in food processing and distribution business. It operates through two segments: Weston Foods and Loblaw, and holds cash, short term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment, which is operated by Loblaw Companies Limited includes retail businesses, a bank and Choice Properties. Loblaw offers grocery, pharmacy, health and beauty, apparel, general merchandise, retail banking, credit card services, insurance and wireless mobile products and services. Choice Properties owns, develops and manages income producing commercial properties. The Weston Foods operating segment includes a bakery business in Canada and frozen, artisan bakery and biscuit businesses throughout North America. The Weston Foods segment is operated in Canada by Weston Foods (Canada) Inc. and its subsidiaries, and in the United States by Weston Foods US, and Inc. and its subsidiaries.

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