Empire (TSE:EMP.A) PT Lowered to C$36.00 at Scotiabank

Empire (TSE:EMP.A) had its price target dropped by equities research analysts at Scotiabank from C$37.00 to C$36.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 12.85% from the company’s current price.

Several other research analysts have also commented on EMP.A. National Bankshares cut their price target on Empire from C$41.00 to C$40.00 in a research report on Friday, March 15th. TD Securities lowered their price target 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. CIBC dropped their target price on Empire from C$42.00 to C$40.00 in a report on Friday, March 1st. Desjardins dropped their price objective on shares of Empire from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada cut their price target on shares of Empire from C$49.00 to C$43.00 and set a “sector perform” rating for the company in a report on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$38.43.

Empire Stock Up 0.7 %

Empire stock traded up C$0.21 during mid-day trading on Monday, hitting C$31.90. The company had a trading volume of 125,338 shares, compared to its average volume of 414,936. The company has a quick ratio of 0.29, a current ratio of 0.80 and a debt-to-equity ratio of 133.75. Empire has a 1 year low of C$31.45 and a 1 year high of C$40.69. The stock has a market cap of C$4.66 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 16.20 and a beta of 0.47. The business has a fifty day moving average of C$33.36 and a 200 day moving average of C$35.50.

About Empire

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.