Shares of Empire Company Limited (TSE:EMP.A – Get Free Report) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$38.86.
A number of analysts recently weighed in on EMP.A shares. Desjardins lowered their price objective on shares of Empire from C$40.00 to C$39.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. BMO Capital Markets lowered their price target on shares of Empire from C$37.00 to C$35.00 in a research report on Friday, March 15th. Royal Bank of Canada dropped their price objective on shares of Empire from C$49.00 to C$43.00 and set a “sector perform” rating on the stock in a research note on Friday, March 15th. CIBC reduced their price objective on shares of Empire from C$42.00 to C$40.00 in a research note on Friday, March 1st. Finally, TD Securities dropped their target price on Empire from C$37.00 to C$36.00 and set a “hold” rating on the stock in a research report on Friday, March 15th.
Read Our Latest Analysis on Empire
Empire Trading Down 0.0 %
Empire Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, April 12th. Empire’s dividend payout ratio is presently 24.17%.
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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