Empire (TSE:EMP.A) had its price target increased by Royal Bank of Canada from C$35.00 to C$37.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 2.24% from the stock’s previous close.

Other analysts have also issued research reports about the stock. TD Securities boosted their price objective on shares of Empire from C$34.00 to C$37.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. National Bank Financial increased their price objective on shares of Empire from C$37.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. BMO Capital Markets increased their price objective on shares of Empire from C$36.00 to C$42.00 in a research report on Friday, August 23rd. CIBC increased their price objective on shares of Empire from C$34.00 to C$39.00 in a research report on Friday, September 6th. Finally, Raymond James reissued a “market perform” rating and issued a C$32.00 price objective on shares of Empire in a research report on Friday, June 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Empire has an average rating of “Hold” and an average price target of C$36.06.

Shares of Empire stock traded up C$0.55 on Friday, hitting C$36.19. The company had a trading volume of 190,488 shares, compared to its average volume of 314,151. The firm has a market capitalization of $6.28 billion and a P/E ratio of 25.49. Empire has a twelve month low of C$22.38 and a twelve month high of C$37.43. The company has a debt-to-equity ratio of 49.50, a current ratio of 0.98 and a quick ratio of 0.38. The stock has a 50-day moving average of C$36.12 and a 200-day moving average of C$32.12.

About Empire

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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Analyst Recommendations for Empire (TSE:EMP.A)

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