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George Weston Limited (WN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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114.97-0.25 (-0.22%)
At close: 4:00PM EDT
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Neutralpattern detected
Previous Close115.22
Bid115.04 x 0
Ask115.11 x 0
Day's Range114.44 - 116.09
52 Week Range91.95 - 116.42
Avg. Volume178,031
Market Cap17.447B
Beta (5Y Monthly)0.33
PE Ratio (TTM)64.95
EPS (TTM)1.77
Earnings DateJul 26, 2021 - Jul 30, 2021
Forward Dividend & Yield2.20 (1.91%)
Ex-Dividend DateJun 14, 2021
1y Target Est128.83
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • George Weston Limited Announces Election of Directors
      CNW Group

      George Weston Limited Announces Election of Directors

      George Weston Limited (Weston) (TSX: WN) today announced that all of the nominee directors listed in the management proxy circular dated March 26, 2021, were elected as directors of Weston. The vote was conducted at the Company's Annual Meeting of Shareholders, held in a virtual meeting format, on May 11, 2021 in Toronto. The results of the vote are set out below:

    • George Weston Swings To A 1Q Loss, Hit By One-Time Charges

      George Weston Swings To A 1Q Loss, Hit By One-Time Charges

      George Weston (WN) reported a loss in 1Q compared to a profit in the same quarter a year ago, as one-time charges hit its bottom line. George Weston, which has significant stakes in Loblaw Companies (L) and Choice Properties REIT (CHP.UN), put its Weston Foods bakery business up for sale in March to focus on its retail and real estate businesses. George Weston’s revenue for 1Q 2021 came in at C$12.35 billion, an increase of 0.16% from the revenue of C$12.33 billion reported in 1Q 2020. Meanwhile, the company reported a net loss of C$62 million (C$0.41 per diluted share) for the quarter ended March 27, compared with a profit of C$582 million (C$3.78 per diluted share) in 1Q 2020. The loss was attributed to a liability adjustment resulting from an increase in Choice Properties REIT unit prices. On an adjusted basis, George Weston earned C$243 million (C$1.59 per diluted share) for the quarter, compared to adjusted earnings of C$239 million (C$1.55 per diluted share) a year ago. George Weston’s Chairman and CEO Galen G. Weston said, "Both Loblaw and Choice Properties delivered strong operational and financial performance in the quarter. As expected, results in Weston Foods were down compared to the first quarter of 2020, reflecting the negative impact of the resurgence of the pandemic and resulting in stricter lockdown measures on certain segments of the business. Looking through that impact, the business delivered strong operational performance metrics, and we expect that as lockdowns ease, Weston Foods will be well-positioned to return to the momentum demonstrated in the fourth quarter of 2020." COVID-19 is expected to continue to generate headwinds during the second quarter, but the company still expects sales to increase and COVID-19 related costs to decrease relative to the second quarter of 2020. (See George Weston stock analysis on TipRanks) On May 7, RBC Capital analyst Irene Nattel maintained a Buy rating on WN while raising its price target to C$138.00 from C$134.00, for a 20.4% upside potential. Nattel indicated that leadership changes in March signified that Weston wants to improve Loblaw's “operational efficiency and productivity", which has been weak. The rest of the Street is optimistic on WN with a Strong Buy consensus rating based on 4 Buys and 1 Hold. The average analyst price target of C$124.40 implies a 10% upside potential from current levels. Shares have risen by approximately 15% since the start of the year. Related News:WELL Health’s CRH Medical Acquires New England Anesthesia AssociatesMaple Leaf Foods Earns C$47.7M Profit In 1Q; Shares Fall 4%Loblaw Posts Better-Than-Expected Results In 1Q More recent articles from Smarter Analyst: Buoyed By Demand, ADM to Build Soybean Crushing Plant In North Dakota FDA Gives Emergency Use Nod to Pfizer/BioNTech COVID-19 Vaccine in Adolescents Yum! Brands Authorizes $2B Stock Buyback; Will Pay Quarterly Dividend of $0.50 Workhorse’s Q1 Revenue Jumps, 2021 Production Target Lowered

    • George Weston Limited Reports First Quarter 2021 Results(2)
      CNW Group

      George Weston Limited Reports First Quarter 2021 Results(2)

      George Weston Limited (TSX: WN) ("GWL" or the "Company") today announced its consolidated unaudited results for the 12 weeks ended March 27, 2021.