Empire Company Limited (EMP.A) Receives C$25.35 Average Price Target from Analysts
Empire Company Limited (TSE:EMP.A) has earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$25.65.
EMP.A has been the topic of a number of research reports. National Bank Financial boosted their price objective on Empire from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Royal Bank Of Canada upgraded Empire from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from C$21.00 to C$23.00 in a research report on Friday, September 15th. TD Securities boosted their price objective on Empire from C$20.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, September 15th. Eight Capital upgraded Empire from a “neutral” rating to a “buy” rating and boosted their price objective for the company from C$21.00 to C$30.00 in a research report on Friday, September 15th. Finally, Barclays boosted their price objective on Empire from C$27.00 to C$28.00 in a research report on Friday, September 15th.
Shares of Empire (EMP.A) traded up C$0.24 during mid-day trading on Thursday, hitting C$25.85. The stock had a trading volume of 417,095 shares, compared to its average volume of 379,854. Empire has a one year low of C$14.74 and a one year high of C$25.95.
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Empire 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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