BMO Capital Markets Increases Empire (TSE:EMP.A) Price Target to C$44.00

Empire (TSE:EMP.A) had its target price lifted by equities research analysts at BMO Capital Markets from C$43.00 to C$44.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 3.14% from the stock’s current price.

EMP.A has been the subject of several other research reports. CIBC raised their price objective on Empire from C$40.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Desjardins upped their target price on shares of Empire from C$42.00 to C$44.00 and gave the stock a “buy” rating in a report on Friday, September 13th. TD Securities boosted their price target on shares of Empire from C$38.00 to C$44.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Royal Bank of Canada upped their target price on Empire from C$42.00 to C$46.00 in a research note on Tuesday, November 12th. Finally, National Bankshares boosted their price target on shares of Empire from C$42.00 to C$46.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$43.86.

Empire Trading Up 1.4 %

TSE EMP.A opened at C$42.66 on Monday. The company has a market cap of C$5.99 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 135.51. Empire has a twelve month low of C$31.45 and a twelve month high of C$42.92. The business’s fifty day moving average is C$40.87 and its 200 day moving average is C$37.24.

Insiders Place Their Bets

In other Empire news, Senior Officer Pierre St-Laurent sold 4,850 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$41.21, for a total value of C$199,868.50. Also, Senior Officer Douglas Bigler Nathanson sold 4,525 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$39.66, for a total transaction of C$179,461.50. Insiders sold 13,033 shares of company stock valued at $526,583 over the last 90 days. 2.18% of the stock is currently owned by company 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.