Empire (TSE:EMP.A – Get Free Report) 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.
View Our Latest Research Report on Empire
Empire Price Performance
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.
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