National Bank Financial Boosts Empire Company Limited (EMP.A) Price Target to C$27.00
Empire Company Limited (TSE:EMP.A) had its target price upped by National Bank Financial from C$24.00 to C$27.00 in a report published on Friday morning. They currently have an outperform rating on the stock.
EMP.A has been the topic of several other research reports. 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 report on Friday. Royal Bank Of Canada raised Empire Company Limited from an underperform rating to a sector perform rating and raised their price objective for the stock from C$21.00 to C$23.00 in a research report on Friday. CIBC raised their price objective on Empire Company Limited from C$18.00 to C$22.00 and gave the stock a market perform rating in a research report on Thursday, June 29th. TD Securities raised their price objective on Empire Company Limited from C$20.00 to C$25.00 and gave the stock a hold rating in a research report on Friday. Finally, Eight Capital raised their price objective on Empire Company Limited from C$19.00 to C$20.00 in a research report on Thursday, June 22nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Empire Company Limited currently has a consensus rating of Buy and an average target price of C$25.35.
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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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