Empire (TSE:EMP.A) Given New C$48.00 Price Target at TD Securities

Empire (TSE:EMP.A) had its target price upped by research analysts at TD Securities from C$44.00 to C$48.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 7.26% from the stock’s previous close.

A number of other research analysts have also weighed in on EMP.A. National Bankshares raised their price objective on Empire from C$42.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their price target on Empire from C$42.00 to C$46.00 in a research note on Tuesday, November 12th. Desjardins boosted their price target on Empire from C$44.00 to C$47.00 and gave the company a “buy” rating in a report on Monday. CIBC boosted their target price on Empire from C$40.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Finally, BMO Capital Markets boosted their target price on Empire from C$43.00 to C$44.00 in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$48.14.

Empire Stock Down 1.2 %

Shares of EMP.A traded down C$0.53 on Friday, reaching C$44.75. The stock had a trading volume of 203,114 shares, compared to its average volume of 406,110. Empire has a 12-month low of C$31.45 and a 12-month high of C$46.77. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79. The firm has a market capitalization of C$6.28 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48. The company has a 50-day simple moving average of C$41.37 and a 200-day simple moving average of C$37.73.

Insider Transactions at Empire

In related news, Senior Officer Douglas Bigler Nathanson sold 3,658 shares of Empire stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$40.26, for a total value of C$147,252.79. Also, Senior Officer Pierre St-Laurent sold 4,850 shares of Empire 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. Insiders own 2.18% of the company’s stock.

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.