Empire Company Limited (TSE:EMP.A - Get Free Report) Director Michael Bennett Medline sold 75,844 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$44.83, for a total value of C$3,400,086.52.
Empire Stock Performance
Empire stock traded up C$0.01 during trading on Wednesday, reaching C$44.40. The company had a trading volume of 409,021 shares, compared to its average volume of 408,254. The firm's 50-day simple moving average is C$41.64 and its 200 day simple moving average is C$38.06. Empire Company Limited has a 52 week low of C$31.45 and a 52 week high of C$46.77. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. The firm has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48.
Empire Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. Empire's payout ratio is currently 29.20%.
Analysts Set New Price Targets
Several brokerages have commented on EMP.A. BMO Capital Markets raised their price objective on Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. National Bankshares lifted their price target on shares of 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. Scotiabank upped their price objective on shares of Empire from C$44.00 to C$47.00 in a report on Friday, December 13th. Royal Bank of Canada lifted their target price on shares of Empire from C$42.00 to C$46.00 in a report on Tuesday, November 12th. Finally, TD Securities boosted their price target on Empire from C$44.00 to C$48.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$48.57.
Check Out Our Latest Stock Report on Empire
About Empire
(
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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.
Further Reading
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