Analysts Set Empire Company Limited (TSE:EMP.A) Price Target at C$52.83

Shares of Empire Company Limited (TSE:EMP.A) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$52.83.

A number of equities analysts recently weighed in on the stock. TD Securities decreased their price objective on shares of Empire from C$58.00 to C$50.00 and set a “hold” rating for the company in a report on Friday, December 12th. Scotiabank cut their target price on Empire from C$57.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Desjardins reduced their target price on Empire from C$60.00 to C$53.00 and set a “buy” rating for the company in a report on Friday, December 12th. National Bank Financial decreased their price target on Empire from C$58.00 to C$54.00 and set a “sector perform” rating for the company in a research note on Friday, December 12th. Finally, Royal Bank Of Canada lowered their price target on Empire from C$61.00 to C$55.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd.

Empire Stock Performance

Shares of EMP.A stock opened at C$49.44 on Friday. The company has a market capitalization of C$11.21 billion, a price-to-earnings ratio of 73.79, a price-to-earnings-growth ratio of 16.20 and a beta of 0.01. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79. Empire has a one year low of C$43.81 and a one year high of C$58.32. The company’s 50-day moving average is C$48.05 and its 200 day moving average is C$48.67.

Empire (TSE:EMP.A) last issued its earnings results on Thursday, March 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. The business had revenue of C$7.89 billion during the quarter. Empire had a net margin of 2.18% and a return on equity of 12.94%. Sell-side analysts expect that Empire will post 2.9581227 EPS for the current fiscal year.

Empire Company Profile

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.