Empire (TSE:EMP.A - Get Free Report) had its target price raised by stock analysts at Royal Bank Of Canada from C$56.00 to C$61.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 9.77% from the stock's current price.
A number of other brokerages also recently weighed in on EMP.A. Desjardins increased their price target on shares of Empire from C$50.00 to C$55.00 and gave the company a "buy" rating in a report on Tuesday. Scotiabank upgraded shares of Empire from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$47.00 to C$49.00 in a research note on Friday, March 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$57.43.
Check Out Our Latest Research Report on EMP.A
Empire Stock Performance
Shares of EMP.A traded up C$0.92 during mid-day trading on Friday, hitting C$55.57. The company's stock had a trading volume of 344,432 shares, compared to its average volume of 487,888. The stock's 50-day moving average is C$50.90 and its two-hundred day moving average is C$46.49. The firm has a market capitalization of C$7.80 billion, a PE ratio of 20.28, 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 quick ratio of 0.29 and a current ratio of 0.79. Empire has a one year low of C$33.77 and a one year high of C$56.41.
Insider Buying and Selling
In other news, Senior Officer Matthew Reindel sold 1,852 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$46.16, for a total value of C$85,488.32. Also, Senior Officer Simon Gagne sold 12,269 shares of Empire stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of C$48.22, for a total transaction of C$591,611.18. Company insiders own 2.18% of the company's stock.
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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