Empire (TSE:EMP.A) Price Target Cut to C$55.00 by Analysts at Royal Bank Of Canada

Empire (TSE:EMP.A) had its target price decreased by Royal Bank Of Canada from C$61.00 to C$55.00 in a research report released on Friday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other equities research analysts also recently issued reports on EMP.A. TD Securities decreased their price target on Empire from C$58.00 to C$50.00 and set a “hold” rating for the company in a report on Friday, December 12th. National Bankshares reduced their target price on shares of 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. Desjardins dropped their price target on shares of Empire from C$60.00 to C$53.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. CIBC cut their price target on shares of Empire from C$59.00 to C$53.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Finally, Scotiabank decreased their price objective on shares of Empire from C$57.00 to C$52.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$52.83.

Empire Trading Down 0.2%

TSE:EMP.A opened at C$45.46 on Friday. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29. Empire has a one year low of C$40.33 and a one year high of C$58.32. The company has a market cap of C$10.46 billion, a PE ratio of 15.41, a PEG ratio of 16.20 and a beta of 0.03. The firm has a 50-day moving average of C$48.60 and a 200-day moving average of C$50.84.

Empire (TSE:EMP.A) last released its quarterly earnings results on Thursday, December 11th. The company reported C$0.69 earnings per share (EPS) for the quarter. The business had revenue of C$8 billion during the quarter. Empire had a return on equity of 12.94% and a net margin of 2.18%. As a group, equities research analysts expect that Empire will post 2.9581227 EPS for the current fiscal year.

About Empire

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.