Scotiabank Lowers Empire (TSE:EMP.A) Price Target to C$36.00

Empire (TSE:EMP.A) had its price objective cut by Scotiabank from C$37.00 to C$36.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 12.64% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Desjardins cut their price target on Empire from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. TD Securities cut their price target on Empire from C$37.00 to C$36.00 and set a “hold” rating for the company in a report on Friday, March 15th. Royal Bank of Canada cut their price target on Empire from C$49.00 to C$43.00 and set a “sector perform” rating for the company in a report on Friday, March 15th. CIBC lowered their price objective on Empire from C$42.00 to C$40.00 in a research note on Friday, March 1st. Finally, National Bankshares lowered their price objective on Empire from C$41.00 to C$40.00 in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$38.43.

Empire Trading Down 0.1 %

Empire stock opened at C$31.96 on Monday. The business has a 50 day moving average price of C$33.29 and a two-hundred day moving average price of C$35.42. The company has a quick ratio of 0.29, a current ratio of 0.80 and a debt-to-equity ratio of 133.75. The stock has a market cap of C$4.67 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 16.20 and a beta of 0.47. Empire has a 12 month low of C$31.45 and a 12 month high of C$40.69.

Empire Company Profile

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.