Shares of Empire Company Limited (TSE:EMP.A) have earned an average recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$28.13.

A number of equities analysts have issued reports on EMP.A shares. Barclays boosted their price objective on shares of Empire from C$27.00 to C$28.00 in a research report on Friday, September 15th. National Bank Financial boosted their price objective on shares of Empire from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. Raymond James Financial boosted their price objective on shares of Empire from C$24.00 to C$26.00 and gave the company a “market perform” rating in a research report on Thursday, December 14th. BMO Capital Markets boosted their price objective on shares of Empire from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, TD Securities boosted their price objective on shares of Empire from C$25.00 to C$26.00 in a research report on Friday, December 15th.

Empire (TSE:EMP.A) traded down C$0.28 during mid-day trading on Monday, hitting C$24.49. 189,779 shares of the company’s stock were exchanged, compared to its average volume of 366,820. Empire has a 12-month low of C$15.47 and a 12-month high of C$26.34. The stock has a market capitalization of $6,650.00, a PE ratio of 74.21 and a beta of -0.24.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 31st will be paid a $0.105 dividend. The ex-dividend date is Friday, January 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.71%.

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About Empire

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.

Analyst Recommendations for Empire (TSE:EMP.A)

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