Empire (TSE:EMP.A) PT Raised to C$46.00

Empire (TSE:EMP.A) had its price objective hoisted by investment analysts at National Bankshares from C$42.00 to C$46.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock.

Other equities research analysts also recently issued research reports about the stock. CIBC boosted their target price on shares of Empire from C$40.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets boosted their target price on shares of Empire from C$40.00 to C$43.00 and gave the stock a “market perform” rating in a research report on Friday. Desjardins boosted their target price on shares of Empire from C$42.00 to C$44.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of Empire from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, TD Securities lifted their price target on shares of Empire from C$38.00 to C$44.00 and gave the company a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Empire currently has an average rating of “Hold” and a consensus price target of C$43.14.

Empire Price Performance

Empire has a one year low of C$31.45 and a one year high of C$41.38. The stock has a market cap of C$5.68 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 16.20 and a beta of 0.47. The company has a debt-to-equity ratio of 134.59, a current ratio of 0.80 and a quick ratio of 0.29. The business’s 50-day moving average price is C$37.03 and its two-hundred day moving average price is C$34.48.

Insider Transactions at Empire

In other news, Director William Linton sold 7,058 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$34.39, for a total transaction of C$242,690.74. Following the transaction, the director now owns 875 shares in the company, valued at approximately C$30,087.05. In other news, Director William Linton sold 7,058 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$34.39, for a total transaction of C$242,690.74. Following the transaction, the director now owns 875 shares in the company, valued at approximately C$30,087.05. Also, Senior Officer Vivek Sood sold 4,236 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$36.17, for a total transaction of C$153,228.83. Following the transaction, the insider now owns 381 shares in the company, valued at approximately C$13,781.91. Insiders have sold a total of 14,294 shares of company stock worth $504,880 in the last 90 days. 2.15% of the stock is owned by insiders.

Empire Company Profile

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.