National Bank Financial Boosts Empire (TSE:EMP.A) Price Target to C$56.00

by · The Markets Daily

Empire (TSE:EMP.A – Get Free Report) had its price target upped by stock analysts at National Bank Financial from C$55.00 to C$56.00 in a report issued on Wednesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 18.09% from the stock’s current price.

EMP.A has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce upped their price target on Empire from C$54.00 to C$58.00 and gave the stock an “outperformer” rating in a report on Friday, June 19th. BMO Capital Markets raised Empire from a “market perform” rating to an “outperform” rating and set a C$58.00 target price on the stock in a report on Monday, July 20th. TD raised their price target on Empire from C$50.00 to C$53.00 and gave the company a “hold” rating in a research report on Friday, June 19th. Desjardins lifted their price target on Empire from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research note on Sunday, June 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of Empire from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Friday, June 19th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$54.56.

Check Out Our Latest Stock Report on EMP.A

Empire Price Performance

Shares of EMP.A traded down C$0.66 during trading hours on Wednesday, reaching C$47.42. The company had a trading volume of 94,176 shares, compared to its average volume of 484,172. 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 12-month low of C$43.81 and a 12-month high of C$53.99. The firm has a 50 day simple moving average of C$49.50 and a 200-day simple moving average of C$48.86. The company has a market capitalization of C$10.61 billion, a price-to-earnings ratio of 55.14, a PEG ratio of 16.20 and a beta of -0.20.

Empire (TSE:EMP.A – Get Free Report) last issued its earnings results on Thursday, June 18th. The company reported C$0.94 earnings per share 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$7.81 billion for the quarter. Research analysts expect that Empire will post 2.9581227 earnings per share for the current year.

Empire Company Profile

(Get Free Report)

Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses are food retailing, through wholly-owned subsidiary Sobeys Inc, and related real estate. With approximately $32 billion in annual sales and $17 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 130,000 people. Additional financial information relating to Empire, including the Company’s Annual Information Form, can be found on the Company’s website at www.empireco.ca or on SEDAR+ at www.sedarplus.ca.

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