Empire Company Limited (TSE:EMP.A) Senior Officer Sells C$200,956.47 in Stock

Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel sold 4,587 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$43.81, for a total transaction of C$200,956.47.

Empire Stock Performance

TSE:EMP.A opened at C$43.99 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. The firm has a 50-day moving average price of C$41.95 and a two-hundred day moving average price of C$38.41. Empire Company Limited has a twelve month low of C$31.45 and a twelve month high of C$46.77. The company has a market capitalization of C$6.18 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48.

Empire Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, October 15th. Empire’s payout ratio is 29.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EMP.A shares. Desjardins increased their target price on Empire from C$47.00 to C$50.00 in a report on Sunday, December 15th. Royal Bank of Canada upped their price target on shares of Empire from C$42.00 to C$46.00 in a research report on Tuesday, November 12th. Scotiabank increased their price objective on Empire from C$44.00 to C$47.00 in a research report on Friday, December 13th. National Bankshares raised their target price on shares of Empire from C$42.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Finally, TD Securities lifted their price target on Empire from C$44.00 to C$48.00 and gave the company a “hold” rating 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$48.57.

Empire Company Profile

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.