Empire (TSE:EMP.A) Price Target Raised to C$42.00 at National Bank Financial

Empire (TSE:EMP.A) had its target price boosted by National Bank Financial from C$39.00 to C$42.00 in a report released on Monday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets upped their target price on Empire from C$39.00 to C$41.00 in a report on Friday, September 11th. CIBC raised their price objective on Empire from C$37.00 to C$40.00 in a research report on Thursday, July 23rd. Royal Bank of Canada upped their target price on Empire from C$38.00 to C$40.00 and gave the company a sector perform rating in a report on Thursday, July 23rd. Scotiabank raised their price target on shares of Empire from C$44.00 to C$45.00 in a report on Friday, September 11th. Finally, TD Securities upgraded shares of Empire from a hold rating to a buy rating and boosted their price target for the stock from C$37.00 to C$43.00 in a research report on Friday, September 11th.

Shares of TSE EMP.A opened at C$37.12 on Monday. Empire has a fifty-two week low of C$23.88 and a fifty-two week high of C$38.56. The business has a fifty day moving average price of C$35.09 and a two-hundred day moving average price of C$32.01. The company has a debt-to-equity ratio of 168.93, a current ratio of 0.85 and a quick ratio of 0.44. The stock has a market capitalization of $9.99 billion and a PE ratio of 15.60.

In other news, Senior Officer Vivek Sood sold 803 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of C$33.64, for a total transaction of C$27,012.92. Following the completion of the sale, the insider now owns 3,957 shares of the company’s stock, valued at approximately C$133,113.48.

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.

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