Empire Company Limited (TSE:EMP.A)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $32.12 and traded as high as $36.30. Empire shares last traded at $36.25, with a volume of 163,870 shares trading hands.
Several analysts recently weighed in on EMP.A shares. Raymond James reaffirmed a “market perform” rating and issued a C$32.00 price objective on shares of Empire in a research note on Friday, June 21st. CIBC increased their target price on Empire from C$34.00 to C$39.00 in a research report on Friday, September 6th. Royal Bank of Canada increased their target price on Empire from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Friday. National Bank Financial increased their target price on Empire from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets increased their target price on Empire from C$36.00 to C$42.00 in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$36.06.
The company has a quick ratio of 0.38, a current ratio of 0.98 and a debt-to-equity ratio of 49.50. The stock has a 50 day simple moving average of C$36.12 and a 200 day simple moving average of C$32.12. The stock has a market cap of $6.28 billion and a price-to-earnings ratio of 25.36.
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.
See Also: Trade Deficit
Receive News & Ratings for Empire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire and related companies with MarketBeat.com's FREE daily email newsletter.