Empire Company Limited (EMP.A) Stock Rating Upgraded by Barclays PLC
Empire Company Limited (TSE:EMP.A) was upgraded by equities researchers at Barclays PLC from an “underweight” rating to an “equal weight” rating in a note issued to investors on Friday. The firm presently has a C$18.00 price target on the stock, up from their previous price target of C$15.00.
Several other brokerages have also issued reports on EMP.A. Royal Bank of Canada reissued an “underperform” rating and set a C$16.00 target price on shares of Empire Company Limited in a research note on Tuesday, February 28th. TD Securities reissued a “reduce” rating and set a C$14.00 target price on shares of Empire Company Limited in a research note on Monday, January 23rd. Scotiabank reissued a “sector perform” rating and set a C$17.00 target price on shares of Empire Company Limited in a research note on Monday, January 16th. BMO Capital Markets cut their target price on shares of Empire Company Limited from C$20.00 to C$16.00 in a research note on Friday, December 16th. Finally, Dundee Securities cut their target price on shares of Empire Company Limited from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Thursday, December 15th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Empire Company Limited currently has an average rating of “Hold” and a consensus price target of C$18.22.
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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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