Empire (TSE:EMP.A)‘s stock had its “hold” rating reissued by equities researchers at TD Securities in a report issued on Monday, Stock Target Advisor reports.
A number of other research analysts have also commented on the stock. National Bank Financial reduced their price target on shares of Empire to C$45.00 and set an “outperform” rating for the company in a research report on Friday, September 10th. Royal Bank of Canada reiterated a “hold” rating and set a C$46.00 price target on shares of Empire in a research report on Friday, September 10th. BMO Capital Markets dropped their price target on Empire from C$47.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, June 24th. Desjardins lifted their price target on Empire from C$44.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday, June 24th. Finally, National Bankshares decreased their price objective on Empire from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a report on Friday, September 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Empire has an average rating of “Buy” and an average target price of C$45.56.
Empire stock opened at C$38.34 on Monday. Empire has a 1-year low of C$34.13 and a 1-year high of C$42.93. The firm has a market capitalization of C$10.18 billion and a price-to-earnings ratio of 14.80. The company has a current ratio of 0.82, a quick ratio of 0.34 and a debt-to-equity ratio of 156.80. The firm has a 50 day simple moving average of C$40.41 and a 200 day simple moving average of C$39.96.
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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