Empire Company Limited (TSE:EMP.A - Get Free Report) Director Michael Bennett Medline sold 45,474 shares of Empire stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$55.89, for a total transaction of C$2,541,541.86.
Michael Bennett Medline also recently made the following trade(s):
- On Friday, June 20th, Michael Bennett Medline sold 44,508 shares of Empire stock. The stock was sold at an average price of C$55.19, for a total value of C$2,456,396.52.
Empire Price Performance
Shares of TSE:EMP.A traded up C$0.38 during midday trading on Monday, hitting C$56.51. The company had a trading volume of 445,390 shares, compared to its average volume of 485,422. The business's 50-day simple moving average is C$51.95 and its 200-day simple moving average is C$47.14. The stock has a market cap of C$7.93 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29. Empire Company Limited has a twelve month low of C$34.43 and a twelve month high of C$56.80.
Empire Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were given a $0.20 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 1.42%. Empire's payout ratio is 29.20%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on EMP.A. CIBC increased their price objective on Empire from C$55.00 to C$59.00 in a report on Friday, June 20th. Desjardins raised their price target on shares of Empire from C$50.00 to C$55.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. TD Securities upped their price objective on shares of Empire from C$48.00 to C$58.00 and gave the company a "hold" rating in a report on Friday, June 20th. National Bankshares increased their price objective on shares of Empire from C$53.00 to C$59.00 and gave the stock a "sector perform" rating in a research note on Friday, June 20th. Finally, Royal Bank Of Canada raised their target price on shares of Empire from C$56.00 to C$61.00 and gave the stock a "sector perform" rating in a report on Friday, June 20th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$57.43.
View Our Latest Research Report on EMP.A
About Empire
(
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Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations.
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