Empire Company Limited (EMP.A) Receives Consensus Rating of “Buy” from Analysts
Shares of Empire Company Limited (TSE:EMP.A) have received an average rating of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$31.67.
EMP.A has been the topic of a number of recent analyst reports. TD Securities upped their price target on Empire from C$27.00 to C$30.00 and gave the stock a “hold” rating in a research report on Friday, December 14th. Barclays boosted their price objective on shares of Empire from C$31.00 to C$32.00 in a report on Friday, December 14th. BMO Capital Markets boosted their price objective on shares of Empire from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, December 14th. Desjardins raised shares of Empire from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$27.00 to C$32.00 in a report on Friday, December 14th. Finally, Raymond James reissued a “market perform” rating and set a C$31.00 price objective on shares of Empire in a report on Friday, December 14th.
TSE:EMP.A traded up C$0.02 during trading hours on Friday, reaching C$29.79. The company’s stock had a trading volume of 201,802 shares, compared to its average volume of 314,151. Empire has a 12 month low of C$17.43 and a 12 month high of C$26.34.
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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