Empire Company Limited (TSE:EMP.A) has been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the company. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$20.40.

Several brokerages have recently commented on EMP.A. TD Securities downgraded shares of Empire Company Limited from a “hold” rating to a “reduce” rating and reduced their price objective for the stock from C$20.00 to C$18.00 in a research report on Friday, September 16th. Barclays PLC cut their target price 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. BMO Capital Markets reiterated a “market perform” rating and issued a C$21.00 target price on shares of Empire Company Limited in a report on Friday, September 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$22.00 target price on shares of Empire Company Limited in a report on Friday, September 16th. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$23.00 target price on shares of Empire Company Limited in a report on Tuesday, September 13th.

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Empire Company Limited Company Profile

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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