Empire (TSE:EMP.A) PT Set at C$39.00 by BMO Capital Markets

Empire (TSE:EMP.A – Get Free Report) has been assigned a C$39.00 target price by stock analysts at BMO Capital Markets in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 6.30% from the stock’s previous close.

Other equities analysts have also issued reports about the company. National Bankshares boosted their target price on Empire from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, June 23rd. Scotiabank boosted their target price on Empire from C$42.00 to C$42.50 in a research report on Friday, June 23rd. Desjardins set a C$41.00 price target on shares of Empire and gave the company a “buy” rating in a report on Wednesday, September 6th. Finally, CIBC boosted their price target on shares of Empire from C$41.00 to C$43.00 in a report on Friday, June 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$42.29.

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Empire Price Performance

EMP.A opened at C$36.69 on Friday. The company has a fifty day moving average price of C$35.67 and a two-hundred day moving average price of C$35.63. The company has a debt-to-equity ratio of 134.86, a quick ratio of 0.29 and a current ratio of 0.77. Empire has a 52 week low of C$33.09 and a 52 week high of C$38.36. The firm has a market capitalization of C$5.61 billion, a PE ratio of 13.90, a P/E/G ratio of 16.20 and a beta of 0.45.

About Empire

(Get Free Report)

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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