Empire Company Limited (TSE:EMP.A) Receives C$52.83 Average Price Target from Brokerages

Shares of Empire Company Limited (TSE:EMP.A) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$52.83.

Several equities analysts have weighed in on the stock. CIBC lowered their price objective on shares of Empire from C$59.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. 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. Desjardins dropped their price target on 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. Scotiabank reduced their price objective on 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. Finally, National Bankshares lowered their target price on Empire from C$58.00 to C$54.00 and set a “sector perform” rating on the stock in a research note on Friday, December 12th.

Empire Price Performance

TSE EMP.A opened at C$46.36 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. Empire has a 1 year low of C$40.33 and a 1 year high of C$58.32. The company has a market cap of C$10.67 billion, a PE ratio of 15.72, a PEG ratio of 16.20 and a beta of 0.03. The stock’s 50-day moving average price is C$47.74 and its two-hundred day moving average price is C$50.29.

Empire (TSE:EMP.A) last announced its earnings results on Thursday, December 11th. The company reported C$0.69 EPS for the quarter. Empire had a net margin of 2.18% and a return on equity of 12.94%. The company had revenue of C$8 billion during the quarter. On average, analysts predict that Empire will post 2.9581227 EPS for the current 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.