Empire Company Limited (EMP.A) Given New C$27.00 Price Target at CIBC
EMP.A has been the topic of several other research reports. TD Securities increased their target price on Empire Company Limited from C$20.00 to C$25.00 and gave the company a hold rating in a research note on Friday. Raymond James Financial, Inc. increased their target price on Empire Company Limited from C$22.00 to C$24.00 and gave the company a market perform rating in a research note on Friday. National Bank Financial increased their target price on Empire Company Limited from C$24.00 to C$27.00 and gave the company an outperform rating in a research note on Friday. BMO Capital Markets raised Empire Company Limited from a market perform rating to an outperform rating and increased their target price for the company from C$19.00 to C$25.00 in a research note on Friday, June 30th. Finally, Eight Capital increased their target price on Empire Company Limited from C$19.00 to C$20.00 in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$25.35.
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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