Empire Company Limited (TSE:EMP.A - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$44.93 and traded as high as C$51.10. Empire shares last traded at C$50.79, with a volume of 338,396 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Scotiabank upgraded shares of Empire from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$47.00 to C$49.00 in a report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$48.86.
View Our Latest Research Report on EMP.A
Empire Price Performance
The company's 50-day moving average price is C$48.91 and its two-hundred day moving average price is C$45.16. The company has a market cap of C$7.41 billion, a P/E ratio of 19.26, a P/E/G ratio of 16.20 and a beta of 0.48. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51.
Empire Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, April 15th. Empire's payout ratio is currently 29.20%.
Insider Activity at Empire
In other Empire news, Senior Officer Matthew Reindel sold 767 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$44.11, for a total transaction of C$33,832.37. Also, Senior Officer Simon Gagne sold 12,269 shares of the business's 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. Insiders sold a total of 20,459 shares of company stock valued at $961,651 in the last quarter. Insiders own 2.18% of the company's stock.
Empire Company Profile
(
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.
Further Reading
Before you consider Empire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Empire wasn't on the list.
While Empire currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
