Empire Company Limited (TSE:EMP.A) declared a quarterly dividend on Friday, October 11th, TickerTech reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.12 per share on Thursday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, October 11th.
EMP.A traded down C$0.26 on Wednesday, reaching C$36.20. The company had a trading volume of 116,902 shares, compared to its average volume of 314,151. The company has a fifty day moving average of C$36.39 and a 200-day moving average of C$32.97. The company has a market capitalization of $6.33 billion and a P/E ratio of 23.35. The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 186.79. Empire has a one year low of C$22.38 and a one year high of C$37.43.
A number of equities analysts recently issued reports on the stock. CIBC increased their target price on shares of Empire from C$34.00 to C$39.00 in a research report on Friday, September 6th. Raymond James reiterated a “market perform” rating and issued a C$32.00 target price on shares of Empire in a research report on Friday, June 21st. Royal Bank of Canada increased their target price on shares of Empire from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. National Bank Financial increased their target price on shares of Empire from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report 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 company a “hold” rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$36.06.
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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