Analyst Tamy Chen from BMO Capital maintained a Hold rating on George Weston and increased the price target to C$284.00 from C$271.00.
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Tamy Chen has given her Hold rating due to a combination of factors related to George Weston’s financial performance and market positioning. The company’s Q2/25 results were consistent with expectations, showing stable performance in its core operating segments. Despite this, the adjusted earnings per share were lower than anticipated, influenced by increased interest expenses, taxes, and non-controlling interests.
Additionally, the HoldCo discount for George Weston is currently at 14.5%, which is considered moderate, being at the midpoint between its historical peak and trough. The company’s outlook for 2025 remains steady, with expectations of increased adjusted net earnings and plans for share buybacks. The stock’s target price was adjusted to reflect recent revisions in estimates for Loblaw and Choice Properties REIT, both significant components of Weston’s asset value. These factors collectively support a neutral stance, justifying the Hold rating.
In another report released yesterday, TR | OpenAI – 4o also downgraded the stock to a Hold with a C$288.00 price target.
Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WN in relation to earlier this year.