Royal Bank of Canada Boosts Empire Company Limited (EMP.A) Price Target to C$17.00
Empire Company Limited (TSE:EMP.A) had its price target increased by Royal Bank of Canada from C$16.00 to C$17.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. They currently have an underperform rating on the stock.
A number of other research analysts also recently commented on the company. Raymond James Financial, Inc. reiterated a market perform rating and issued a C$18.00 price objective on shares of Empire Company Limited in a report on Wednesday, March 15th. Scotiabank reiterated a sector perform rating and issued a C$17.00 price objective on shares of Empire Company Limited in a report on Tuesday, March 7th. TD Securities reiterated a reduce rating and issued a C$14.00 price objective on shares of Empire Company Limited in a report on Monday, January 23rd. Barclays PLC dropped their price objective on Empire Company Limited from C$18.00 to C$15.00 and set an underweight rating on the stock in a report on Friday, December 16th. Finally, BMO Capital Markets dropped their price objective on Empire Company Limited from C$20.00 to C$16.00 in a report on Friday, December 16th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has an average rating of Hold and an average target price of C$18.22.
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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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