Brokerages Set Empire Company Limited (TSE:EMP.A) Price Target at C$38.43

Shares of Empire Company Limited (TSE:EMP.AGet Free Report) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$38.43.

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their price target on Empire from C$49.00 to C$43.00 and set a “sector perform” rating on the stock in a report on Friday, March 15th. Scotiabank dropped their price target on shares of Empire from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. CIBC reduced their price target on shares of Empire from C$42.00 to C$40.00 in a research note on Friday, March 1st. TD Securities dropped their target price on Empire from C$37.00 to C$36.00 and set a “hold” rating on the stock in a report on Friday, March 15th. Finally, BMO Capital Markets cut their target price on Empire from C$37.00 to C$35.00 in a research report on Friday, March 15th.

Read Our Latest Research Report on EMP.A

Empire Stock Down 0.2 %

EMP.A opened at C$32.65 on Friday. The stock’s 50 day moving average price is C$32.57 and its 200 day moving average price is C$34.02. The company has a debt-to-equity ratio of 133.75, a current ratio of 0.80 and a quick ratio of 0.29. The stock has a market cap of C$4.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 16.20 and a beta of 0.46. Empire has a 12 month low of C$31.45 and a 12 month high of C$40.69.

Empire Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, April 12th. Empire’s payout ratio is 24.17%.

Empire Company Profile

(Get Free Report

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.

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Analyst Recommendations for Empire (TSE:EMP.A)

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