Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Douglas Bigler Nathanson sold 400 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$54.94, for a total transaction of C$21,976.00.
Douglas Bigler Nathanson also recently made the following trade(s):
- On Friday, June 20th, Douglas Bigler Nathanson sold 600 shares of Empire stock. The stock was sold at an average price of C$54.91, for a total value of C$32,946.00.
Empire Stock Performance
Shares of TSE EMP.A traded up C$0.11 during midday trading on Thursday, reaching C$55.70. The company's stock had a trading volume of 285,541 shares, compared to its average volume of 486,312. The stock has a market capitalization of C$7.82 billion, a P/E ratio of 20.33, a PEG 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. The firm has a 50 day moving average price of C$51.67 and a 200-day moving average price of C$46.93. Empire Company Limited has a 12-month low of C$34.29 and a 12-month high of C$56.80.
Empire Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.44%. Empire's dividend payout ratio (DPR) is presently 29.20%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. TD Securities increased their price target on Empire from C$48.00 to C$58.00 and gave the company a "hold" rating in a research note on Friday, June 20th. CIBC upped their target price on Empire from C$55.00 to C$59.00 in a report on Friday, June 20th. Royal Bank Of Canada raised their price target 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. National Bankshares boosted their price target on shares of Empire from C$53.00 to C$59.00 and gave the stock a "sector perform" rating in a research report on Friday, June 20th. Finally, Desjardins increased their price objective 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. 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 a consensus rating of "Hold" and an average price target of C$57.43.
Check Out 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.
Further Reading
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