National Bankshares Lowers Empire (TSE:EMP.A) Price Target to C$58.00

Empire (TSE:EMP.A) had its target price lowered by equities research analysts at National Bankshares from C$59.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 12.73% from the stock’s current price.

Separately, Scotiabank decreased their target price on shares of Empire from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Empire presently has an average rating of “Hold” and a consensus target price of C$56.57.

Empire Price Performance

Shares of EMP.A opened at C$51.45 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 135.51. Empire has a twelve month low of C$40.33 and a twelve month high of C$58.32. The stock has a market capitalization of C$11.88 billion, a P/E ratio of 17.27, a P/E/G ratio of 16.20 and a beta of 0.08. The company has a 50 day moving average of C$49.51 and a 200-day moving average of C$52.27.

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.