Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Matthew Reindel sold 1,852 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$46.16, for a total value of C$85,488.32.
Matthew Reindel also recently made the following trade(s):
- On Friday, March 21st, Matthew Reindel sold 217 shares of Empire stock. The shares were sold at an average price of C$46.10, for a total transaction of C$10,003.70.
- On Monday, March 17th, Matthew Reindel sold 767 shares of Empire stock. The stock was sold at an average price of C$44.11, for a total transaction of C$33,832.37.
Empire Price Performance
EMP.A stock opened at C$45.89 on Thursday. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29. Empire Company Limited has a 1 year low of C$31.45 and a 1 year high of C$46.91. The firm has a 50-day moving average of C$43.71 and a 200 day moving average of C$42.23. The company has a market cap of C$6.44 billion, a P/E ratio of 16.75, a PEG ratio of 16.20 and a beta of 0.48.
Empire Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, January 15th. Empire's dividend payout ratio is currently 29.20%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on EMP.A. Scotiabank upgraded Empire from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$47.00 to C$49.00 in a research report on Friday, March 14th. CIBC raised their price target on Empire from C$47.00 to C$55.00 in a research report on Friday, December 13th. Desjardins boosted their price objective on Empire from C$47.00 to C$50.00 in a research report on Sunday, December 15th. TD Securities upped their price target on shares of Empire from C$44.00 to C$48.00 and gave the company a "hold" rating in a report on Friday, December 13th. Finally, BMO Capital Markets upped their price objective on shares of Empire from C$44.00 to C$48.00 in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$48.86.
Check Out Our Latest Stock Report 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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