Empire Company Limited (TSE:EMP.A) Receives C$41.25 Average PT from Analysts

Shares of Empire Company Limited (TSE:EMP.AGet Free Report) have received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$41.25.

EMP.A has been the topic of several research analyst reports. TD Securities dropped their price objective on Empire from C$39.00 to C$37.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. Desjardins dropped their target price on Empire from C$42.00 to C$40.00 and set a “buy” rating on the stock in a research report on Friday, December 15th. Royal Bank of Canada dropped their target price on Empire from C$50.00 to C$49.00 and set a “sector perform” rating on the stock in a research report on Friday, December 15th. CIBC decreased their price objective on Empire from C$44.00 to C$42.00 and set an “outperform” rating for the company in a report on Friday, December 15th. Finally, National Bankshares decreased their price objective on Empire from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a report on Friday, December 15th.

View Our Latest Stock Report on Empire

Empire Trading Up 0.1 %

Shares of EMP.A stock opened at C$34.37 on Friday. Empire has a 1 year low of C$33.22 and a 1 year high of C$40.69. The company has a debt-to-equity ratio of 130.52, a current ratio of 0.83 and a quick ratio of 0.29. The stock’s 50 day simple moving average is C$35.33 and its two-hundred day simple moving average is C$36.36. The company has a market cap of C$5.13 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 16.20 and a beta of 0.47.

Empire Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 31st were issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, January 12th. Empire’s payout ratio is 24.66%.

Insider Buying and Selling

In other news, Director William Linton acquired 875 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were bought at an average cost of C$34.43 per share, for a total transaction of C$30,126.25. 1.93% of the stock is currently owned by insiders.

About Empire

(Get Free Report

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.

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Analyst Recommendations for Empire (TSE:EMP.A)

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