Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Matthew Reindel sold 767 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$44.11, for a total transaction of C$33,832.37.
Matthew Reindel also recently made the following trade(s):
- On Thursday, December 19th, Matthew Reindel sold 4,587 shares of Empire stock. The stock was sold at an average price of C$43.81, for a total transaction of C$200,956.47.
Empire Stock Performance
Shares of EMP.A stock opened at C$44.90 on Thursday. The company has a market capitalization of C$6.30 billion, a P/E ratio of 16.39, a P/E/G ratio of 16.20 and a beta of 0.48. The business's 50 day moving average is C$43.40 and its two-hundred day moving average is C$41.94. Empire Company Limited has a 12-month low of C$31.45 and a 12-month high of C$46.77. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.78%. Empire's payout ratio is 29.20%.
Wall Street Analyst Weigh In
A number of research analysts have commented on EMP.A shares. Desjardins increased their price target on shares of Empire from C$47.00 to C$50.00 in a research report on Sunday, December 15th. Scotiabank raised Empire from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$47.00 to C$49.00 in a research report on Friday, March 14th. BMO Capital Markets lifted their price objective on Empire from C$44.00 to C$48.00 in a research note on Friday, December 13th. CIBC boosted their target price on Empire from C$47.00 to C$55.00 in a research report on Friday, December 13th. Finally, TD Securities boosted their price objective on Empire from C$44.00 to C$48.00 and gave the company a "hold" rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$48.86.
Check Out Our Latest Stock Analysis on Empire
About Empire
(
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Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations.
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