Empire Company Limited (TSE:EMP.A) had its price target lowered by analysts at National Bank Financial from C$23.00 to C$22.00 in a report issued on Thursday. The firm presently has a “sector perform” rating on the stock.

Several other equities analysts have also recently issued reports on EMP.A. Royal Bank Of Canada restated a “sector perform” rating and set a C$22.00 target price on shares of Empire Company Limited in a research note on Friday, September 9th. Scotiabank reiterated a “sector perform” rating and issued a C$23.00 price objective on shares of Empire Company Limited in a research note on Tuesday, September 13th. TD Securities reiterated a “hold” rating and issued a C$20.00 price objective on shares of Empire Company Limited in a research note on Wednesday, September 14th. Raymond James Financial Inc. lowered their price objective on shares of Empire Company Limited from C$21.00 to C$20.00 in a research note on Friday, September 16th. Finally, Barclays PLC lowered their price objective on shares of Empire Company Limited from C$19.00 to C$18.00 and set an “underweight” rating on the stock in a research note on Friday, September 16th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Empire Company Limited has an average rating of “Hold” and a consensus target price of C$20.30.

Analyst Recommendations for Empire Company Limited (TSE:EMP.A)

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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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