Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Douglas Bigler Nathanson sold 600 shares of Empire stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$54.91, for a total value of C$32,946.00.
Douglas Bigler Nathanson also recently made the following trade(s):
- On Friday, June 20th, Douglas Bigler Nathanson sold 400 shares of Empire stock. The shares were sold at an average price of C$54.94, for a total value of C$21,976.00.
Empire Stock Up 0.2%
Shares of EMP.A traded up C$0.11 during trading hours on Thursday, hitting C$55.70. 285,541 shares of the company were exchanged, compared to its average volume of 486,312. The company has a market cap of C$7.82 billion, a PE ratio of 20.33, a PEG ratio of 16.20 and a beta of 0.48. The firm's 50 day moving average is C$51.67 and its 200-day moving average is C$46.93. Empire Company Limited has a 52 week low of C$34.29 and a 52 week high of C$56.80. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79.
Empire Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. Empire's dividend payout ratio (DPR) is presently 29.20%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. TD Securities lifted their price target on Empire from C$48.00 to C$58.00 and gave the company a "hold" rating in a report on Friday, June 20th. Royal Bank Of Canada boosted their target price on Empire from C$56.00 to C$61.00 and gave the company a "sector perform" rating in a research note on Friday, June 20th. Desjardins boosted their target price on Empire from C$50.00 to C$55.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. National Bankshares boosted their target price on Empire from C$53.00 to C$59.00 and gave the company a "sector perform" rating in a research note on Friday, June 20th. Finally, Scotiabank boosted their target price on Empire from C$49.00 to C$62.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$57.43.
Read Our Latest Analysis on EMP.A
About Empire
(
Get Free Report)
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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