Empire Company Limited (TSE:EMP.A) had its price target hoisted by Scotiabank from C$17.00 to C$19.00 in a research note released on Thursday morning. The firm currently has a sector perform rating on the stock.
Several other research firms have also recently commented on EMP.A. Royal Bank of Canada boosted their price objective on shares of Empire Company Limited from C$16.00 to C$17.00 and gave the company an underperform rating in a research report on Thursday, March 16th. Raymond James Financial, Inc. reaffirmed a market perform rating and issued a C$18.00 price objective on shares of Empire Company Limited in a research report on Wednesday, March 15th. TD Securities reaffirmed a reduce rating and issued a C$14.00 price objective on shares of Empire Company Limited in a research report on Monday, January 23rd. BMO Capital Markets cut their price objective on shares of Empire Company Limited from C$20.00 to C$16.00 in a research report on Friday, December 16th. Finally, Barclays PLC cut their price objective on shares of Empire Company Limited from C$18.00 to C$15.00 and set an underweight rating on the stock in a research report on Friday, December 16th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Empire Company Limited presently has a consensus rating of Hold and a consensus price target 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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