Empire Company Limited (EMP.A) Receives Average Recommendation of “Hold” from Brokerages
Shares of Empire Company Limited (TSE:EMP.A) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$20.40.
A number of equities research analysts have weighed in on EMP.A shares. TD Securities reaffirmed a “hold” rating and set a C$20.00 target price on shares of Empire Company Limited in a research report on Wednesday, September 14th. Scotiabank cut their price target on Empire Company Limited from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Monday, September 19th. Dundee Securities reiterated a “neutral” rating and issued a C$20.00 price target on shares of Empire Company Limited in a report on Thursday, September 22nd. Barclays PLC cut their price target on Empire Company Limited from C$19.00 to C$18.00 and set an “underweight” rating on the stock in a report on Friday, September 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$21.00 price target on shares of Empire Company Limited in a report on Friday, September 16th.
About Empire Company Limited
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.
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