Empire (TSE:EMP.A) Stock Price Crosses Above 200 Day Moving Average of $32.45

Empire Company Limited (TSE:EMP.A)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $32.45 and traded as high as $37.05. Empire shares last traded at $36.48, with a volume of 165,933 shares changing hands.

Several equities research analysts have commented on the stock. Raymond James reaffirmed a “market perform” rating and issued a C$32.00 price target on shares of Empire in a report on Friday, June 21st. CIBC upped their price target on shares of Empire from C$34.00 to C$39.00 in a report on Friday, September 6th. National Bank Financial upped their price target on shares of Empire from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Royal Bank of Canada increased their target price on shares of Empire from C$35.00 to C$37.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Finally, TD Securities increased their target price on shares of Empire from C$34.00 to C$37.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$36.06.

The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 186.79. The firm’s 50-day moving average is C$36.32 and its two-hundred day moving average is C$32.45. The stock has a market cap of $6.40 billion and a price-to-earnings ratio of 23.52.



About Empire (TSE:EMP.A)

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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