Empire Company Limited (EMP.A) Given Consensus Recommendation of “Hold” by Brokerages

Empire Company Limited (TSE:EMP.A) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$32.19.

A number of analysts have recently weighed in on the stock. TD Securities upped their target price on shares of Empire from C$27.00 to C$30.00 and gave the stock a “hold” rating in a research report on Friday, December 14th. National Bank Financial upped their target price on shares of Empire from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Friday, December 14th. Royal Bank of Canada upped their target price on shares of Empire from C$29.00 to C$30.00 in a research report on Friday, December 14th. Raymond James reaffirmed a “market perform” rating and issued a C$31.00 target price on shares of Empire in a research report on Friday, December 14th. Finally, BMO Capital Markets upped their target price on shares of Empire from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, December 14th.

Shares of TSE:EMP.A traded up C$0.28 during midday trading on Wednesday, reaching C$29.52. The company’s stock had a trading volume of 455,969 shares, compared to its average volume of 314,151. The company has a market capitalization of $5.13 billion and a PE ratio of 24.42. The company has a debt-to-equity ratio of 41.48, a current ratio of 1.12 and a quick ratio of 0.47. Empire has a 12-month low of C$17.43 and a 12-month high of C$26.34.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, April 12th. Empire’s dividend payout ratio (DPR) is 36.39%.

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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Analyst Recommendations for Empire (TSE:EMP.A)

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